IBM is trading 25.1% down at ARS 22,740.00 following a sharp selloff driven by investor concerns over AI-led disruption to its legacy mainframe business and cooling demand for large-scale IT services.
- The move follows prior pressure from Anthropic’s Claude Code announcement, which has intensified sector-wide caution regarding the impact of AI on traditional consulting and coding services.
- Heavy downside momentum reflects growing fears that AI-driven automation could cannibalize legacy infrastructure revenue and slow the pace of enterprise cloud projects.