Anthropic Claude Code tool impact: IBM share price crashes most in 25 years; may see biggest monthly fall in almost 60 years

Feb 24, 2026 - 13:00
Anthropic Claude Code tool impact: IBM share price crashes most in 25 years; may see biggest monthly fall in almost 60 years

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Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the company’s stock. The stock dropped as much as 13% during intraday trading, marking its steepest single-day fall since March 2020.

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