IBM Shares Suffer Sharpest Drop in 25 Years: Impact of Anthropic and Claude Code

Market Shock from Anthropic Shares of technology giant IBM fell by 13.2% on Monday following the introduction of Claude Code, a new tool from AI startup Anthropic.
This sharp decline marks the largest single-day loss for the company since October 18, 2000.
The investor reaction is rooted in the potential for artificial intelligence to directly threaten IBM's traditional service models.
A New Era in COBOL Modernization The COBOL programming language, a cornerstone of mainframe systems used in banking, insurance, and the public sector, has long been considered the most challenging link in modernization processes.
Technical details released by Anthropic indicate that Claude Code can significantly automate the processes of mapping, analyzing, and converting workflows in these systems into modern languages.
Consulting Revenues at Risk In the past, modernizing a COBOL system required years of work by massive consulting teams.
The acceleration of these processes through AI, which has been a major revenue stream for companies like IBM, is shifting market dynamics.
Analysts emphasize that this transformative impact of AI on established technology infrastructures marks the beginning of a new era of competition for traditional players in the industry.