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IBM stock plunges 11% as Anthropic's Claude Code threatens its COBOL cash cow
Anthropic's Claude Code tool for COBOL modernization sent IBM stock down 11.2% and Bitcoin sliding 5% to $64,000 as AI disruption fears rippled across
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channelnewsasia.com
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below…
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IBM warns AI boom squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take a big earnings hit in the second…
