IBM suffers the deepest drop in 25 years after the launch of a tool from Anthropic
IBM's stock plummeted by 13.2%, marking its largest decline in 25 years due to competition from Anthropic's AI tool.
Understand why IBM’s shares fell after the AI startup Anthropic's announcement
IBM's shares experienced their largest daily drop in over 25 years following Anthropic's announcement about a new AI tool that poses challenges for IBM's traditional programming systems.
Is AI Eating Its Own Tail? IT Giants are Losing Billions
IBM's shares plummeted over 13% as a pivotal AI tool threatens its longstanding legacy COBOL systems.