IBM's 'Big Blue' Stock Plunges to 25-Year Low Amid Anthropic Fallout

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IBM Stock Plunges 13%: 'Big Blue' Suffers Worst Single-Day Fall in 25 Years

Anthropic plans a massive expansion onto Google TPUs, aiming to use up to one million units — a deal worth tens of billions of dollars and one of the largest commitments in the AI hardware race. Meta, the company behind Facebook and Instagram, is also in talks to bring Google’s TPUs into its data centres.

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CNBC TV18•24-02-2026, 04:27

IBM Stock Plunges 13%: 'Big Blue' Suffers Worst Single-Day Fall in 25 Years

•IBM shares dropped 13%, marking its biggest single-day fall in 25 years, since October 2000.
•The decline is attributed to fears of AI disruption, specifically from Anthropic's Claude Code tool.
•Anthropic's blog post highlighted Claude Code's ability to modernize COBOL legacy systems, a key business vertical for IBM.
•AI's capability to streamline COBOL modernization tasks, previously cost-prohibitive, is a major concern for IBM.
•IBM shares are down 24% within the first two months of the year following this fall.

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