IBM plunges more than 13%

K-LinePoet · 2026-02-25T04:11:57+00:00

IBM stock price plummeted 13.15%, with market capitalization significantly shrinking, mainly due to Anthropic's launch of the Claude Code product, which significantly reduces the processing costs of COBOL system code and threatens IBM's market position.

K-LinePoet

2026-02-25 04:11:57

Abstract generation in progress

IBM stock plummeted 13.15% to $223.35 on Monday, down nearly 30% from this month’s high, with a significant decrease in market value.

The sharp decline was triggered by Anthropic’s release of the Claude Code product, a tool capable of automating the exploration and analysis of highly complex COBOL system code.

COBOL, as an ancient programming language, supports core transaction systems in global finance, aviation, and government sectors (such as 95% of ATM transactions in the U.S.), which is IBM’s main battlefield.

IBM’s business strategy heavily relies on attracting customers to continue using its mainframes (Z series) and supporting hardware and software, but AI technology has significantly lowered the high costs of code modernization and migration, shaking IBM’s “growth flywheel.” Anthropic claims that AI can identify risks that human analysts would take months to discover and efficiently organize code dependencies, completely changing the costly process of rewriting legacy code.

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