Anthropic AI's New Tool: Why IBM Shares Plunged to a 25-Year Low, Losing Millions Every Minute

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IBM Shares Plunge 13.1%: Anthropic AI's New Tool Sparks Market Fear

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CNBC Awaaz•24-02-2026, 07:04

IBM Shares Plunge 13.1%: Anthropic AI's New Tool Sparks Market Fear

•IBM's shares dropped 13.1% to $223.39, marking its largest single-day decline since October 2000.
•Anthropic introduced a new AI tool for Claude Code to modernize COBOL, an old programming language crucial for 95% of ATM transactions.
•IBM, a key supporter of COBOL systems, faces investor concern as AI promises rapid upgrades to this aging technology.
•IBM's market value plummeted by approximately $31 billion, falling from $240.8 billion to $208.7 billion.
•Anthropic's AI updates also impacted other sectors, causing a sell-off in global software stocks and cybersecurity companies.

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