IBM

Hairy_Aardvark7755

IBM once was at the same position at PLTR.... IBM then sold its OS and Hardware for cheap and couldn't really keep up with the market. Then they just turned into buying companies/startups to inject new bloods. I think PLTR will props do the same at some point. They also got contracts with foreign governments.

wrongrobertpatrick

IBM, DASH and NFLX holding the port together https://preview.redd.it/u2x8td3jpvlg1.jpeg?width=1320&format=pjpg&auto=webp&s=34256c2c55d8240e4b861371ea8c5159da8f202e

SeaofCrags

Yeah I understand them losing their niche being a problem, but IBM explicitly have set up tools, were developing further tools via Watson, and announced in their earnings report that they were doing this, so that Cobol could be converted to Java, which is far more accessible and not an IBM language. The point I'm making is that if Cobol programming was important to their business, they wouldn't be actively setting up a way for it to be removed or replaced. Cobol as a language isn't important overall to IBM, the consulting on the language is like 1-2% of their business, but managing the systems and infrastructure is where the value lay. The only thing that happened is Anthropic have accelerated the process - but why would IBM care about that if they were already not married to Cobol anymore. It maybe appears the market have somewhat concluded this also, climbing back to the near same price as when the Anthropic announcement was made.

LostAbbott

Quantum is still nothing but smoke and mirrors.  A small firm has little chance of actually making it happen over players like IBM or Microsoft.  All of the pure Quantum plays are nothing but marketing hype.  Similar to the fusion guys on the nuke space.  It simply isn't worth putting your money there until something more legitimate happens.. 

marie_carroll12

The real question isn’t whether LLMs can code — it’s whether IBM captures margin from enterprise AI spend or gets disintermediated. That’s the bet.

Smongk

IBM comeback just started

billyb26

Closed out my IBM position and I’ll be going cash until the next big oversell

wrongrobertpatrick

DASH and IBM holding

billyb26

IBM is in orbit, while you’re bag holding your nvidia calls

billyb26

IBM has been free money since it bottomed out

GainsCity_wsb

!banbet IBM 350 4/17 It's a bulltrain. It's THE BOULLLLLLTRAIN

ComfortableNo5231

If you don’t have extreme confidence in IBM being at a specific price by a specific time, go for in the money options that expire in 1 year+ Even safer would be to do a spread instead of buying a naked call.

giselle_stroman

13% drop on “LLMs can code” is peak market overreaction. IBM has been selling enterprise AI longer than most of these LLM startups existed. Bold move. Respect.

_ram_ok

It’s very simple, Anthropic employees have realised that AI news spooks the market now. So they short IBM stock and announce their shitty COBOL “tool”. Its market manipulation

prestodigitarium

What do you mean? A strong competitor coming into their cozy little niche makes their cozy niche not so cozy. It’s like you have a snake, and a mongoose is coming for it, suddenly you’re not so confident in that snake’s long term future. A lot of people who would’ve paid IBM are going to pay Anthropic instead. And presumably, Anthropic’s coming for their other cash cows. I guess maybe I’m not understanding your question? It seems pretty clear to me why that makes IBM less interesting to own?

Wide_Open_Buttcheeks

Bought IBM and MSFT at the low and looking good so far Wondering how long this climb will last though

SeaofCrags

So why does that have anything to do with Cobol conversion? The market niche people are claiming IBM have (Cobol programming), was already being offered up to be removed by IBM themselves, just now people can use Claude instead of already available IBM tools, and Watson in the next 2-3 months...

SeaofCrags

Converting Cobol to Java doesn't mean they retain a market niche. Neither does using tools to do the conversion. You can literally go online right now and take the Cobol to Java IBM tool and do it, its just less polished than if it were in an LLM.

gizamo

Is IBM in it. Boom, roasted.

falsejaguar

IBM? Like from the 1980s before IBM compatibles lol?

gatovision

I still think this whole thing is madness, even compared to the .com. I just dont see how Software companies can keep spending and doubling down on this when their stocks are getting wrecked. MSFT, ORCL, ADBE, IBM, CRM, INTU, etc, plenty others are really looking bad. So where will the $$ come from? LLMs will be a race to the bottom, and are getting more efficient and need less hardware. I keep thinking were getting close to peak rev but here we are, still going up.

Apex-Editor

You ask about cost basis and get mad when it's IBM from the 60s.

Gom_KBull

Bought 3x IBM Aug 21 2026 310 Call @ $5.60

Crazy_Donkies

You stooopid?   https://newsroom.ibm.com/2026-01-28-IBM-RELEASES-FOURTH-QUARTER-RESULTS#:~:text=Software%20%E2%80%94%20revenues%20of%20$9.0%20billion,3%20percent%20at%20constant%20currency

Scared-Signature-452

IBM is not software

Swisscoinz

Who else bought the dip? IBM is a steal at this price. Go on, buy the fomo stocks if you must

Scared-Signature-452

Whoever sold IBM on Friday / Monday is dumb as fuck

Kanakarhu

IBM published AI that can do COBOL modernization years ago... interesting that market reacts to re-release of a product that has existed for many years.

billyb26

That IBM dump was such an easy buy

Competitive_Goal7735

There are a lot of companies I will take a short position on before IBM. Actually see it as a buy right now.

lalyt93

Claude just requested 50,000 h100’s so they can replace IBM’s service division

Nefarious_AI_Agent

IBM sell off was the bottom, how retarded was that

Puzzleheaded-Sun6987

No matter how hard it is to replace COBOL...IBM can only milk those same old cows, no new source of revenue. Clown tried to reposition themselves as AI governance company, but look at how many research papers they published on AI governance? Even their existing AI Gov tools are lacking in many areas. Stock price going back to $100 range soon.

JJpawz

I give it 6 months before IBM is back and expanding to fix the errors in the AI generated code

Happy-Champion1661

they are quite expensive for IBM

whatsgoingonhonestly

IBM leaps are kinda cheap as hell for April

whatsgoingonhonestly

I'm thinking IBM leaps

GainsCity_wsb

Already sitting on IBM 350 4/17, looking to grab 325s also after this drop. I need 50 contracts. Shit I need to more chips.

stockist420

The funniest part I find is when people scream "everything is priced in". If that were true a report like this would make zero impact, IBM would not drop 13% because of claude can understand COBOL a bit better, only to go up the very next day. Prices move because of people's reaction to news and speculations, fear is the strongest emotion that generally brings about a reaction even in seasoned professionals. I think this report is the first of MANY about to come. All one needs is few friends in media who will bump up a blog, some article, someone's musings.

LHeureux

Competition, market share grab, not having to rely on IBM, not getting price gouged. Like basic economic reason as to why IBM might lose value and market share to Claude

papuniu

seems to be a good time to buy IBM calls

Stocks_N_Bondage

The funny thing is IBM had one of the first AIs with Watson, but I'm guessing they could not figure out how to market or integrate it. Similarly Apple did SIRI but then just stagnated.

Toothlesskinch

Can someone who actually knows space tell me how real a threat anthropic is to IBM? Based on the absolutely massive scale of the data they handle and a.task.specific AI thats been in development for 20 years it kinda feels like a panic sell.

zedmaxx

So what I’m hearing is calls Seriously tho, I worked at IBM 20 years ago and people were trying to move then. They still make billions on mainframes.

the_infamous_walrus

IBM is a leader in quantum computing. That’s their play. They are not some lagging company. They know the writing on the wall and will lead alongside google the quantum computer infrastructure build out for society.

Captain-Obvious101

Isn't IBM the leader in quantum technology? I feel like this could be a long term buy.

Overall-Fold-9720

Buy IBM now. This shit will go back after it's leaked that Anthropic lied. Again.

Equivalent-Coat-7605

IBM at 20 P/E had to snap up a few shares

fishboy3339

Na I think it’s overreacting. The bread and butter of finance running Z isn’t stuck it’s where they want to be. It’s these old government systems that need to migrate off old hardware that IBM doesn’t really want to support anymore anyway. The core customers that bring in the real money are staying until there is a real reason to go.

wrongrobertpatrick

Anyone buying the IBM dip?

JanitorOPplznerf

Lol IBM is closing off a major branch and laying off a bunch of Senior Devs familiar with the code base and trying to save costs by hiring Indian Developers hoping AI can cover the difference. Like no shade to Indian Devs, but this was a decision 100% made by people who don’t work in production. Their progress will be stalled for years. I’m not saying they’re gonna go under from this, maybe you’re willing to hold for 5 years while they sort this shit out. But this is not an ‘all in on IBM time’.

PeacockMamba

IF this is true the bubble will happen soon.. IBM is in hiring mode. IYKYK

shankarun

IBM will be dead in 2 years - save this comment!!

Teembeau

"So I’m trying to figure out… is the market overreacting to an AI headline, or is this actually the beginning of something bigger?" Overreacting. "On one hand, big enterprises don’t just rip out infrastructure overnight. Banks and governments move slowly. On the other hand, if AI suddenly makes migration cheaper and faster, that chips away at the “no one wants to touch this” moat IBM has benefited from for decades." Do you know what COBOL stands for? It stands for **Common Business-Oriented Language**. The language is platform independent, with files and other resources assigned externally. I have worked on projects that moved hundreds of reports from IBM AS/400 to Windows without changing a single line of code. What had to be changed was the external environment that assigned files and set parameters. If you want to take your code and move it to Linux, you can. In terms of migrating to another platform like .net with C#, where you would have to reverse engineer back to a specification, no-one is going to use Claude Code to do that with critical code. I'm also going to take issue with this thing that Claude say which may not be technically a lie, but is dishonest:- **Meanwhile, we aren't exactly minting replacements—COBOL is taught at only a handful of universities, and finding engineers who can read it gets harder every quarter.** First of all, it may be true that COBOL is only taught at a handful of universities, but that is not the only place to learn COBOL. There are books, courses and so forth. If you know any other language, you can learn COBOL in a month. The data side of things are weird, the syntax is verbose, but it is a programming language with statements, decisions and loops. COBOL people are not driving Lamborghinis. Rates are about the same as anything else. Most of the maintenance of these systems is done in India where it's cheaper. The problem is that I generally don't like IBM's price.

buenotc

Shhhhit. I just remembered I still own IBM. I've owned it for about a decade. Oh well..... I'll keep diamond 💎 handings it.

The_bruce42

Didn't trump have the government invest in IBM last year? Must be coincidence that a business involved with trump isn't doing well. /s

gregallen1989

IBM has been going down in price for a couple of years now so it might be a good quick play but sell as soon as you get your profit cause its not skyrocketing.

Own-Mountain3540

Lost most of my port last year. Made 10% back of what was left with IBM today. I'm definitely not getting addicted again this time around xdd

AlteredCabron2

what IBM do anyway?

MBBIBM

And even if they do they’ll be using IBM consultants for the migration

EscortSportage

I’ve been buying the dip, i remember watching IBM cross 300 a share and having FOMO

version-two

Why did it fall? Honest question. 30% dump is something with a name the size of IBM. Even if they’re run like shit. Do you believe the dump is just getting started? Why?

version-two

IBM leaps now too right? This dip is a joke. Also, you should sprinkle in APLD and NBIS shares/calls imo.

No_Feeling920

I'm talking about the German BaFin. They are concerned about orderly and transparently operated financial markets, fast resolution of production incidents, minimum customer impact, 99%+ uptime, proper post-mortem analysis and preventative measures against the same issues repeating in the future. That sort of things (and many others, I bet, not directly concerning developers and operations). Having top tier vendor support for the hardware, OS and third party components is a must in that context. Though I doubt IBM would drop Mainframe/Z support, for as long as it is a profitable business for them. When HP dropped OpenVMS and Intel dropped Itanium, it was likely because the business was getting unprofitable or not profitable enough for all the corporate complexity/management hassle.

Mnerdy

Am surprised that not only is $IBM still alive but still above $200? It should not be more than $10! Next AI doom will be Salesforce!

PM_ME_ROMAN_NUDES

Not Indian, but I know from first hand experience that IBM Brazil and Latam pays really bad and overworks everyone

SweatyAd8914

I mean my F500 company is getting off TS2/COBOL and we’re using LLMs to speed up the process. People are realizing IBM is just a legacy dinosaur without value anymore. Also, Claude cant and will not proficient at COBOL migrations. All marketing hype. The AI bubble can’t implode fast enough.

aftermath223

Isn’t IBM these days basically an indian sweatshop?

wallstreetreserve

Compared with some peers (e.g., Apple, IBM), Microsoft’s forward P/E is still relatively high, though may be cheaper than more hyper-growth names.

EveryPen260

I think you’re right for wrapper companies like AppLovin.  For IBM, Salesforce, cloudfare, etc, this is overreaction.  Either way I am not open individual positions but stick with ETFs of what I see as quality tech companies.  

Axe_Raider

is IBM even a software company?

Axe_Raider

i'm comparing to VTI. > Between April 1, 1999 and April 1, 2005 IBM does just a little bit worse than VTI over this period. $1000 at the start ends $1083 in VTI, $1068 in IBM. whatever else you can say about IBM, how can it be **one of the worst stocks effected [sic] by the dot com burst** if it was doing basically average stock market performance?

STODracula

Like someone else said, even IBM has Cobol modernizing tools. Not sure how another company offering the same thing in a different flavor is any different.

cryptocraze_0

CRWD; IBM; INFOSYS; etc they are all dropping at the same time in very similar %. Seems like its a widespread trend not specifically about CRWD.

Fun-Personality-8008

I thought Kyndryl took all that legacy business leaving IBM the more nimble modern business

Ok-Age-263

IBM is giving me IBS

austinwiltshire

IBM itself has already been trying to move all this shit to Java, still in their mainframes (which have hardware that accelerates Java to near cobol speeds), and they've even been using LLMs to do it. This sell off is absolutely nonsense.

Icy-Sheepherder-7595

No clue and I don't really care. People used to clown on IBM and BOFA as stocks that would never reach their dot com highs ever again. They have now, in an environment that isn't nearly the same but echoes that time period in some ways. I would just be cautious is all. I don't get the hype around it

austinwiltshire

IBM itself has been using its own LLMs to modernize cobol and port it to Java, which also runs on their mainframes. Their stock literally dropped because some other company said they were doing something IBM already was doing and everyone else completely misunderstanding the implications. IBM hates cobol. And tons of enterprise software runs on Java on their mainframes.

akidinrainbows

You haven’t ever sat through an IBM consulting session..

Axe_Raider

> recommending one of the worst stocks effected by the dot com burst this makes no sense at all. since the end of 1999 IBM outperformed VTI for the next 5 years. were you thinking of INTC?

Icy-Sheepherder-7595

I literally saw someone recommending it the other day because "stocks always go up just look at IBM" and I kinda shat on them for recommending one of the worst stocks effected by the dot com burst. They literally fell for 9 straight years between 2013 and 2022. How the hell is anyone shocked.

Positive_Low_2282

The market's 13% hit to IBM reflects deep anxiety over AI-driven margin compression. While Anthropic’s tool targets a massive $250B+ line COBOL market, these legacy systems are notoriously complex. We’ll have to see if enterprise "trust" in automated modernization matches the current Wall Street panic.

g1n3k

All the biggest banks and insurances to start with. IBM still have big science (not research) division and they actually sell commercial quantum computers. You haven't seen anything as you don't work anywhere close to IT and also IBM stopped selling retail consumer products long time ago.

pwkdru

IBM

ThaliaFaye

Dunno why you're being hostile when I'm just stating objective facts >we haven’t invented anything new this side of the century, it’s just more efficiency Not sure how old you are but off the top of my head; since 2000 alone we've moved from dialup to high-speed fiber optics, GSM dumbphones to 5G smartphones; we've developed CRISPR gene-editing technology that is already in use for clinical trials, clean energy, and many more developments that you might not be aware of. You can Google it yourself. Btw "just more efficiency" is a crazy dismissal of progress, are you saying that jet planes are "just more efficient" than propeller planes? Modern computers are "just more efficient" than 90s IBM or Apple computers? You're literally on a platform rn that is barely 20 years old lol

jglhk

dont really see the DOW falling much today. too many stocks having good days. IBM, Apple, Home Depot, Salesforce.

FlawridaCracka

I understand IBM positioning as a full stack Quantum computing provider. I would think, if successful, that they'll see notable growth and revenue from this emerging tech.

ColdHardPocketChange

Who is IBM's biggest customers at this point? I have not seen an IBM computer in years. I don't know anyone that uses them for IT infrastructure. I never hear them mentioned for consulting gigs. The only time I hear about them is when they have their next massive failure. It definitely has the feeling of antiquated IT company that's likely to go out of business in the next 10 years.

FullCopy

Breaking News: Anthropic announces ability to rewrite legacy boomer code. IBM stock feels it. https://finance.yahoo.com/news/ibm-sinks-most-since-2000-210436663.html

botella36

The IBM drop was caused by Anthropic blogging about Claude’s COBOL capabilities.

FredTilson

Puts on IBM...for reasons..

According-Page8618

bought IBM 1dte calls right before close yday, up 2k now, selling and buying shares like a good boy now

No-Newspaper-7693

No, it can’t replace programmers, but it can absolutely help an experienced FTE fintech software engineer that costs $150/hr handle some tasks that currently requires a consulting contract with a company like IBM that has a $1000/hr billing rate.  Since there is such a small pool of COBOL devs, IBM today charges whatever they want for a limited pool of 60-75 year old cobol engineers.  You don’t have to replace them with someone with no tech experience.  Replacing them with a normal senior level fintech engineer would save banks millions and be devastating to IBM.  

Own-Mountain3540

nice IBM was indeed free money

blackSwanCan

About 2 decades ago, one of our workflow management system was used by a bank. The contract had a few million dollars in penalty for every day of outage that lasted more than a few minutes. Back then, for those banking systems, we had projects to inference processes based on logs. Things were that bad. Yes, Claude will likely speed up refactoring of some of those legacy systems. It's already doing that for some non-legacy ones. It won't be a magical abra-ka-dabra moment, but a painstaking component by component refactoring like it always is. The tools will change, and so will the scope of the services companies like IBM provide. But if a bank does undertake such complex migrations, tool like Claude would be a big enabler. And companies like IBM will likely be big winners.

Own-Mountain3540

is IBM a buy now or is the AI regardation too strong

Mathblasta

If I understand the context of secular bull market correctly, I'd add IBM. Dropping 15% on alleged Cobol generation is absurd

Beazt11123

Wellness check for all of the IBM bag holders in the room. How are you guys doing?

harshshah1306

IBM has broken a key uptrend it has been holding since 2023. I see a potential downside from here. There would be short term rallies, but I wouldn't consider trying to catch a falling knife!