IBM’s stock heads for worst month in 34 years — and Anthropic is partly to blame

IBM’s stock ended Monday down 13% as Anthropic’s Claude Code threatens to dismantle a critical part of its business.

23 Feb, 21:49 — 23 Feb, 22:31

Moderate (27/100)

2 sourcesNarrow spread1 region

Why this matters

IBM is a legacy tech giant, and its stock performance is a key indicator of the broader tech market and the impact of AI/modernization on established businesses. Anthropic, a prominent AI company, challenging IBM's traditional business highlights the rapid shifts occurring in the technology sector. This story underscores the ongoing disruption in enterprise technology and the competitive pressures faced by long-standing industry leaders.

ℹAll sources from US region

ℹOnly 2 sources cover this story

Perspective Analysis

AI-generated comparison of how 2 sources cover this story

Both news outlets report on IBM's significant stock decline, attributing it to the competitive threat posed by Anthropic. The coverage is largely aligned on the core narrative that Anthropic's efforts are impacting IBM's business, though they differ slightly on the specific nature of that threat.

Political spectrum

LeftCenterRight

bloomberg

marketwatch

Outlet rating This story

SourceOutletiGeneral editorial lean of the outletStoryiHow they covered this specific storyTone

bloombergcentercenter-leftneutralFocuses on business impact of tech shifts

marketwatchcentercenterurgentReports financial facts and market threats

Coverage leans: balanced

Coverage is balanced, with both outlets focusing on the financial impact of technological competition without apparent political leanings.

What sources agree on

IBM's stock is experiencing a significant decline.
Anthropic is a contributing factor to IBM's stock issues.
Anthropic is involved in modernization efforts that challenge IBM's business.

Where they diverge

The specific aspect of Anthropic's technology or efforts impacting IBM.

marketwatch

Anthropic's Claude Code threatens to dismantle a critical part of IBM's business.

bloomberg

Anthropic Touts COBOL Modernization Efforts.

Key claims1 agreed · 4 unverified

IBM’s stock heads for worst month in 34 years.

unverified·marketwatch

IBM’s stock ended Monday down 13%.

unverified·marketwatch

Anthropic’s Claude Code threatens to dismantle a critical part of IBM’s business.

unverified

Perspective Analysis

Comparing sources…

Story evolution

The narrative evolves from the underlying competitive threat posed by Anthropic's initiatives to the immediate and measurable financial consequences for IBM's stock performance.

Emergence of Competitive ThreatFeb 23 evening

Anthropic's COBOL modernization efforts gain market attention, signaling a competitive challenge to IBM's traditional business areas.

Immediate Financial ImpactFeb 23 late evening

IBM's stock experiences a significant decline, with specific figures and historical context highlighting the severity of the market reaction.

How outlets covered this

Left-leaning

No articles

Center

marketwatch