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IBM shares fell 13% in a single day in last month: "IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool" https://finance.yahoo.com/news/ibm-sinks-most-sin
by Tempest1981 7mo ago
IBM shares fell 13% in a single day in last month:
"IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool"
https://finance.yahoo.com/news/ibm-sinks-most-since-2000-210436663.html https://finance.yahoo.com/news/ibm-sinks-most-since-2000-210...
It may not be "cheap", but possibly cheaper than IBM's consulting.
- scorpioxy 7mo agoI skip news like that. It's an AI business hyping one of their tools in a major AI hype-cycle. Shares can go up and down based on sentiment. My point still stands. To me, there's a big difference between saying that migration projects can now be assisted with some AI tooling and saying that it is cheap and to just get Claude to do it. Maybe I am out of touch but the former is realistic and the latter is just magical hand-waving.
- Marazan 7mo agoIBM share price is back to where it was pre-Anthropic press release.
- thaumasiotes 7mo agoSure, but imagine how much higher it would have gone in the counterfactual world where Anthropic didn't have an automatic port-from-Cobol tool.
- Maxion 7mo agoRemember that those who trade on the stock market are not programmers with decades of experience writing cobol.
- PurpleRamen 7mo agoShare-pricing operates on illusions. Just selling a plausible claim can influence the price. Whether they will deliver at the end, doesn't matter at that moment.