IBM fell 11% after Anthropic launched a COBOL modernization tool that threatens IBM's $21B consulting business. 95% of ATM transactions run on COBOL.

IBM Stock Plunges 11% as Anthropic's Claude Threatens $8 Billion COBOL Empire

IBM crushes Q4 with $12.5B AI book, stock jumps 8%. Revenue beats by $460M as mainframe sales hit 20-year high. Full analysis inside.

INTERNATIONAL BUSINESS MACHINES (IBM) Earnings Call Transcripts