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Events / Anthropic AI Tool Plunges IBM Shares
Tech AI disruption

Anthropic AI Tool Plunges IBM Shares

Analysis based on 14 articles · First reported Feb 23, 2026 · Last updated Feb 24, 2026

Sentiment
-40
Attention
6
Articles
14
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The market is experiencing significant disruption in the software and cybersecurity sectors due to advancements in AI tools. IBM's stock plunged, reflecting investor fears about AI's impact on legacy businesses, while other software and cybersecurity companies also saw declines.

Software Information Technology Cybersecurity
Event Summary

AI startup Anthropic announced that its Claude Code tool can significantly accelerate the modernization of COBOL, a programming language predominantly used on IBM mainframe systems in banking, insurance, and government. This development led to IBM's shares plummeting 13.2%, marking their steepest daily drop in over 25 years, as investors fear a decline in demand for IBM's legacy mainframe business. The news also caused a slump in cybersecurity stocks, including CrowdStrike and Datadog, following Anthropic's introduction of a new security feature in its Claude AI model. The broader software market is facing pressure from the growing capabilities of AI tools from companies like Anthropic, OpenAI, and Alphabet Inc., as the ability to 'vibe code' threatens to diminish demand for traditional software products.

Key Actions
100 Anthropic announced Claude Code tool can modernize COBOL systems faster
100 IBM stock price dropped significantly
70 Anthropic introduced new security feature into Claude AI model
50 CrowdStrike stock price slumped
50 Datadog stock price slumped
Entities Involved
stock
IBM
IBM's shares experienced their steepest daily drop in over 25 years, falling 13.2%, due to fears that Anthropic's Claude Code tool will diminish demand for its mainframe business and COBOL-related services. This decline puts the stock on track for its biggest one-month percentage decline since at least 1968.
Importance 100 Sentiment -70
priv
Anthropic
Anthropic announced its Claude Code tool can automate and speed up COBOL modernization, directly impacting IBM's legacy mainframe business. This development highlights Anthropic's growing influence in the AI sector and its push into the application layer.
Importance 90 Sentiment 80
stock
CrowdStrike
CrowdStrike shares slumped following Anthropic's introduction of a new security feature into its Claude AI model, as investors weighed the potential impact on the cybersecurity industry.
Importance 20 Sentiment -30
stock
Datadog
Datadog shares slumped following Anthropic's introduction of a new security feature into its Claude AI model, as investors weighed the potential impact on the cybersecurity industry.
Importance 20 Sentiment -30
priv
OpenAI
OpenAI is mentioned as one of the companies whose new AI tools are contributing to market fears about AI-related disruption in the software industry.
Importance 10 Sentiment 50
stock
Alphabet Inc.
Alphabet Inc. is mentioned as one of the companies whose new AI tools are contributing to market fears about AI-related disruption in the software industry.
Importance 10 Sentiment 50
Relationships
IBM related ↔ Anthropic
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