Why Did IBM Stock Crash After Anthropic’s Claude COBOL Announcement? Full Breakdown
Wall Street doesn’t usually panic over programming languages. But this time? It did. When Anthropic announced new COBOL-related capabilities in its AI system Claude, the market reacted violently — especially toward IBM. IBM suffered its worst single-day stock drop in 25 years. Billions of dollars vanished in market value almost overnight. So what happened? Why …
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