Ibm Stock Falls 13% as ibm stock Hits Worst Day in More Than 25 Years
ibm stock tumbled sharply on Monday after Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that runs on IBM computers. International Business Machines Corp. suffered its biggest single-day percentage loss since October 2000.
Ibm Stock Plunge Details
Shares of International Business Machines Corp. plunged 13% in a single trading day. The move marked the steepest one-day percentage drop for the company since October 2000 and was described in the context as the worst day in more than 25 years.
Anthropic's Claude Code Claim
Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that’s run on IBM computers. That announcement preceded the sudden drop in IBM share value on Monday.
Cobol and IBM Computers
The context stresses that Cobol is a dated programming language and that it runs on IBM computers. Anthropic PBC’s comments about Claude Code focused on Cobol modernization as the catalyst for market reaction.
Magnitude and Records
With the 13% decline, IBM shares had fallen 27% in February. That drop left the company on track for its biggest one-month slide since at least 1968, based on data compiled by unclear in the provided context. The single-day fall was the company’s largest percentage loss since October 2000.
Contextual Note on the Source
Connecting decision makers to a dynamic network of information, people and ideas, unclear in the provided context quickly and accurately delivers business and financial information, news and insight around the world. The description appears twice in the provided material.
The sequence of events in the provided context is clear: Anthropic PBC touted its Claude Code tool and its ability to modernize Cobol; on Monday International Business Machines Corp. shares plunged 13%; the drop represented the worst single-day percentage loss since October 2000; and the decline left IBM shares down 27% in February and on track for the largest one-month slide since at least 1968, per the compiled data noted in the context.
ibm stock remains under pressure following the Anthropic PBC statement about Claude Code and Cobol modernization, and the market reaction produced the historic one-day and month-to-date moves outlined above.
