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AI Gives Blue Giant a Hard Hit: IBM's Stock Price Tumbles 13%, Its Worst Performance in 25 Years
1 day ago /
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Author：小编
On February 24, Bloomberg reported that IBM's stock price took a nosedive, plummeting by more than 13% on Monday. This sharp decline marked the largest single-day drop for the company in over 25 years. The catalyst for this dramatic fall was an announcement from AI startup Anthropic. The startup revealed that its Claude Code programming tool had the capability to automate the modernization of COBOL language systems. These systems have been a mainstay, running on IBM's mainframe systems for an extended period and constitute a significant part of IBM's core business.
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