IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...
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IBM shares plunge 13% as Anthropic’s Claude AI threatens COBOL mainframe business

IBM shares plunged up to 13% after Anthropic said its Claude Code tool can help modernize COBOL systems, raising concerns about disruption to IBM’s mainframe business. The stock is now down 26% in ...

Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocks

IBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall ...

Citrini Research's '2028 Global Intelligence Crisis': How Worried Should We Be?

Citrini Research report sparked market fears of severe AI-driven disruption, projecting unemployment over 10% & a sharp S&P 500 decline by 2028. Click for more.