IBM Shares Drop $30 Billion After Anthropic AI Claude Code Launch
Investors react sharply as AI tool threatens IBM mainframe modernization demand On February 23, shares of International Business Machines Corporation fell 13.2%, wiping out approximately $30 billion in market value—the steepest single-day drop for the company in over 25 years. The selloff followed a blog post by AI startup Anthropic introducing Claude Code, a tool […]

