IBM shares see worst crash in 25 years, $31 bn wiped out in single session; here's why
IBM shares see worst crash in 25 years, $31 bn wiped out in single session; here's why is drawing significant interest across the industry.
IBM stock closed 13.15% lower at $223.35 on NYSE wiping out more than $31 billion in market cap after the AI startup Anthropic announced that Claude can streamline COBOL code.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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