IBM Stock Rebounds After Anthropic Claude Code Sell-Off

International Business Machines Corp (NYSE: IBM) shares are rebounding Tuesday morning after plunging more than 13% Monday, ...

ETtech Explainer: Decoding Anthropic’s Claude Code update that triggered IBM selloff

A single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market ...

Claude the conqueror: The AI chatbot keeps wiping out billions from exposed tech stocks

Claude, Anthropic's AI chatbot, has sparked major selling of US tech stocks as its capabilities induce fear among investors ...
CIO

Anthropic’s claim that AI can quickly refactor COBOL rattles IBM investors

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

Claude Just Dealt Another Blow to IBM Stock. Will It Be Fatal, or Should You Buy the Dip?

Claude’s COBOL shake-up just knocked IBM stock lower. Is this a smart buy-the-dip opportunity, or an early warning you shouldn’t ignore?

IBM stock plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Claude Code shock: Big Blue falls, Indian IT stocks follow

IBM's market plunge over AI concerns drags down Indian IT stocks, raising fears about legacy COBOL modernization challenges.
The Financial Express

From crash to comeback: IBM rebounds 5% as analysts call AI-driven sell-off an overreaction

IBM shares rebound 5% after AI fears fade, as analysts defend its mainframe strength and downplay risks from Anthropic’s ...