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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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axios.com
This "will rattle many": IBM stock tanks as AI budgets shift
IBM startled investors Tuesday with an acknowledgment that shifting priorities in the AI economy are bludgeoning its core business.
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cryptobriefing.com
IBM stock dives toward worst day in nearly 40 years after earnings miss
IBM stock plunged 25% after Q2 2026 revenue of $17.2B missed estimates by $700M, marking its worst day since 1968 as AI spending shifts rattle markets.
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IBM issues profit warning as enterprise customers rush to buy AI hardware
IBM stock dropped 25% after Q2 results missed estimates. Enterprise customers are shifting budgets from software to AI hardware, reshaping tech spending.
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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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techspot.com
IBM's stock just had its worst day since 1968
In a recent letter to investors, IBM CEO Arvind Krishna explained that the company experienced some unexpected shortfalls in its latest financial performance. The former pioneer…
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IBM suffers worst stock crash in 115-year history after revenue miss, raising fresh questions about the AI bubble
IBM stock crashed 25% on July 14, losing $67 billion in market cap after a revenue miss. Economist Steve Hanke warns of a dual AI bubble with broader
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IBM's profit warning signals a seismic shift in how enterprises are spending on AI
IBM's Q2 miss and 25% stock drop reveal enterprises shifting AI spend from software to hardware, with ripple effects for crypto mining and tech markets.