IBM Stock Plunges on AI Threat From Anthropic: Time to Rethink?

Key Takeaways IBM shares sank 20.6% in three months after Anthropic's Claude Code threatened its COBOL moat.Claude Code can automate COBOL analysis and migration, risking pressure on IBM Consulting margins.IBM banks on hybrid cloud, watsonx and HashiCorp buy to drive growth as estimates edge higher.International Business Machines Corporation (IBM) stock plummeted 20.6% over the past three months, lagging the industry’s 12.8% growth due to a sudden development in artificial intelligence (AI) that could threa ...