2026년 2월 26일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
International Business Machines Corporation (NYSE:IBM) just experienced its sharpest one day drop in more than 25 years, tumbling 13% Tuesday, but Wedbush believes the market may have overreacted and sees the pullback as a buying opportunity.
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The stock's plunge came after Anthropic (ANTHRO) said its Claude Code tool could help modernize legacy COBOL systems, a programming language closely tied to IBM's mainframe ecosystem. That comment spooked investors, sending shares sharply lower even as the S&P 500 fell only about 1%. Wedbush described the move as part of the current sell first, ask questions later mindset surrounding AI disruption fears.
IBM leadership quickly pushed back. Software and Chief Commercial Officer Rob Thomas stressed that translating COBOL is not the same as true modernization. Translation captures almost none of the actual complexity, he said, pointing to architecture, security and integration challenges that go far beyond code conversion. Wedbush also reminded investors that IBM already partners with Anthropic to integrate Claude into enterprise workflows, suggesting the competitive threat may be overstated.
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