IBM stock price rebounds again after Anthropic’s COBOL claim sparked a selloff — what’s next
IBM shares rose 1.7% to $241.68 late Thursday, extending a rebound after a 13.2% plunge earlier in the week triggered by AI startup Anthropic’s claims about modernizing COBOL. A UBS upgrade and a new $112 million U.S. defense contract helped stabilize the stock, though it remains down 18% for the year. Investors await management commentary and earnings in March.
