IBM (IBM) plunged 12.5% after investors reacted to Anthropic's new AI tool that threatens its COBOL services, significantly outpacing the tech sector's 1.5% decline.
30 replies (most recent on top)
Just get your paycheck and chill
There is no such thing as AI. It is just a google search engine printing some slow text. Kinda re--rd to continue talking about this useless area. If you want blame the ind ia ns. They f ed up this domain hard. Kinda going to take down the company faster.
@1c: First, to set the fact straight, bob is not an IBM product, it is an open source project. Some incompetent id--ts at IBM are adding some stupid extension to it and calling IBM AI tool. It is a desperate act, since, most IBM technical leaders and engineers are re--rded and completely useless.
@va Maybe you haven't been paying attention. IBM's latest AI tool, Bob, is built on Anthropic Claude. The Pentagon announcement is bad for IBM.
Blame the in d ia n. They are taking the company down faster. Just leave if you are not ind I an. That way it will. Collapse much faster
Now that Anthropic has rejected the Pentagon's demands, maybe IBM can step up to the plate and offer its AI to Hegseth.
All this shows is that investors really don't understand that a blog post from Anthropic means nothing in the real world.
The folks that fell for this are id--ts.
Converting COBOL to Java or Python does little to help you 'move off the mainframe'. There is so much more involved.
Besides, COBOL runs just fine on x86 hardware. The language isn't the problem.
And for those that say 'nobody knows COBOL anymore'. So, are you saying that modern programmers can't learn another language? Are they really that stupid?
The problem isn't the language.
And remember, people can write new trash code in any language. And they can do new cr-ppy design and cr-ppy documentation. And they can job hop and leave a company with nobody knowing how the companies code works.
This is all just ridiculous.
In 20-30 years in the future the conversation is going to be - is your code really written in that cr-ppy old Rust language and running on that cr-ppy old AWS platform? Get with the times and move to blah blah language and blah blah platform!
The Spin has started
An IBM’er From LinkedIn posted
“Follow the facts, not the headline hype. Long before Claude, IBM disrupted itself to modernize the Mainframe, which is why 70% of Mainframe clients are EXPANDING their workloads.
An AI tool than can help translate COBOL will not lead to it’s replacement.
Be guided by the analysts like Evercore that truly understand the enduring competitive advantages of the Mainframe that reiterates a target price of $345.“
@cz
yup, at best
it also probably commits financial fraud
it gets gov contracts (see the US debt)
it continually cheapens the company by firing competent people
and replacing them with lower cost less knowledgeable/less intelligent people
trying to escape the he-l hole that they helped to create
i don't see how this is fixed
the rot is from the top downwards
the best
Time to cook the books, or better yet, time to book the crooks.
watching the anthropic demo for Enterprise agents right now:
https://www.anthropic.com/events/the-briefing-enterprise-agents-virtual-event/?utm_campaign=%255BB2B_CL1P_EVG_T1%255D-US_LI_AWAR_TEXEC_INDUSTRYT2_BOOST_EVG&utm_source=linkedin&utm_medium=paid&hsa_acc=511916281&hsa_cam=758445206&hsa_grp=476554396&hsa_ad=1332297566&hsa_net=linkedin&hsa_ver=3
maybe IBM should try getting into the Cloud business
@d3 the bonus evaporation couldn't happen to a more wonderful example of human warmth and kindness. Wait, who the he-l am I kidding ? this CEO S-B, Alvind has destroyed so many lives throughout the world, he needs to endure more pain and suffering. Maybe more than most. Same goes for his upskilling sidekick, Krabanaugh...the link below which shows how many billions were lost by the drop in the IBM share price says it all.
https://finance.yahoo.com/news/ai-scare-trade-casualty-ibm-142611356.html
The $100 million bonus, the id1ot Indian at the top was going after for 2026 is "POUFF", evaporated .
Overpriced proprietary mainframes with outdated cryptography are going to replaced with commodity servers running C++26 code for a fraction of the price
IBM is a mediocre company, offering mediocre products geared toward mediocre customers.
IBM has been selling old tech and business structure (zillions of consultants) as the only way to transform legacy systems but... the fact is they have not left AS400 yet and now Anthropic will get all the COBOL transformation business (except for the IBM subsidiaries and Kyndryl)
Let's keep drinking the Kool-Aid.
@ar sure, but start the firings in the US from the top, not the bottom - you get a bigger bang for the buck and even bigger savings when you axe those executives who makes lots of $$$ for just warming the chair they sit on. Rinse and repeat as often as necessary...
hmm, nothing another round of layoffs won't cure
or maybe ibm can fire in the US and hire in India for more savings
so many choices
@ah IBM ist im Arsch, sehr abgefikt!
@a3 IBM hat gar nichts vorhergesehen , sonst hätten sie Anthropic schon längst übernommen oder in das Unternehmen schon früher mehr investiert.
Wie wichtig es gewesen wäre, sieht man jetzt am crash der IBM Aktie. IBM hat tausende Partnerschaften und schon zig MILLIARDEN $ für Zukäufe ausgegeben.
Ob sich das für IBM immer auszahlen, ist zu bezweifeln.
Way to go, next stop, $100.
@a4 Gin 'N Tonic will be back when He-l Freezes over and she'll no doubt bring her DEI cast, cronies and "hangers on". It's what she was always very good at....
@a8 No wait, how about back to the future at $100 ?
Let's see what Alvind has to say about this....Krabanaugh is probably upskilling in what his exit should look. Because no freaking layoff in February is going to work on bringing up the stock price back to $300 per share...where is IBM's good buddy, Cramer now ?
AI is d-mb tool, wont replace anyone FFS.. investors are going crazy, i bet they are barely able to use the Excel so they see it as a magic
Maybe Krabanaugh can upskill and try to do some more financial engineering
Alvin’d can spew out AI or Quantim
Next stop $199.
I thought Ginni had come back
IBM already anticipated this announcement and partnered with Anthropic
https://newsroom.ibm.com/2025-10-07-2025-ibm-and-anthropic-partner-to-advance-enterprise-software-development-with-proven-security-and-governance