@grey307
IBM's recent share drop of over 13% on February 23 represents its most significant decline since 2000, erasing around $40 billion from its market value. This sell-off was triggered by AI company Anthropic's announcement of the Claude Code tool, which can automate the modernization of legacy COBOL systems, a crucial aspect of IBM's mainframe offerings.
Things are changing and in a bad way 👎
Stay $Degen
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