Discussion

• @buccocapital @buccocapital on x

  If only Meta could build a competent model, every software and pro services company would sign up tomorrow if Meta promised not to put out press releases destroying their business Would choke off a critical part of the revenue (and distribution path) for the labs overnight

• @patrickmoorhead Patrick Moorhead on x

  What a dumb sell-off. $IBM is investing in its own code conversion to modernize its customers already. Has been for years. IBM makes more money if COBOL goes away. https://www.cnbc.com/...

• @jgarzik Jeff Garzik on x

  Claude Code can easily rewrite COBOL into new, modern langauges. This has been true for months. I guess it's the announcement, not the capability, that moves markets...

• @zerohedge @zerohedge on x

  *ANTHROPIC SAYS CLAUDE CODE CAN AUTOMATE COBOL MODERNIZATION And there goes IBM Amodei is now funding Anthropic by buying puts on all the companies he “disrupts” daily

• @ericjackson Eric Jackson on x

  Everyone keeps saying IGV is “6 standard deviations oversold.” Maybe. But IGV has never faced this before. A Claude blog post → cybersecurity down double digits. A COBOL comment → IBM has one of its worst two-hour drops this century. That's not volatility. That's duration

• @beffjezos @beffjezos on x

  Innovate or get disrupted. Any sort of moat from inertia will get disrupted by AI

• @amitisinvesting Amit on x

  ANTHROPIC ANNOUNCES THAT CLAUDE CAN STREAMLINE COBOL CODE Common Business-Oriented Language is a programming language created for business data processing. $IBM is intertwined with COBOL as the company was a key contributor years ago. well, -10% now this is becoming comical [imag…

• @chadwahl Chad Wahlquist on x

  This is going to be fun disrupting a few things 💥 [image]

• @jachiam0 Joshua Achiam on x

  I suspect this will later turn into an IBM win; who is going to entrust vibecoder weekend hackers with using AI to rewrite COBOL transaction systems? No, it will be IBM who gets trusted to do it, and it will be cheaper so they'll be able to do more of it in less time.

• @zerohedge @zerohedge on x

  IBM down 26% from its all time high 3 weeks ago and down on the past year.

• @thezvi Zvi Mowshowitz on x

  I don't get it. Did you think Claude couldn't do that? Is this NEWS to anyone? Is the EMH that false?

• @stocksavvyshay Shay Boloor on x

  $IBM down over 10% after Anthropic launches an AI tool that converts old COBOL code to modern languages. AI code translation directly competes with IBM's legacy modernization consulting. [image]

• @kobeissiletter @kobeissiletter on x

  BREAKING: IBM stock, $IBM, falls over -10% after Anthropic announces that Claude can streamline COBOL code. It's becoming increasingly clear how pivotal the times we are in right now truly are. [image]

• @lisaabramowicz1 Lisa Abramowicz on x

  There's an increasingly dystopian tone to commentary on AI. Fed Gov Waller today: “The thing with AI is it's coming at us so fast....that it's easy to start seeing jobs that may go away before you see the new jobs that are going to be created.”

• @carnage4life Dare Obasanjo on bluesky

  Nothing captures how Anthropic lapped OpenAI in perceived AI capabilities like IBM stock dropping -13% over a blog about Claude Code understanding COBOL.  —  Can any OpenAI announcement tank a stock besides a story about OpenAI not having the money to pay them?

• @seldo.com Laurie Voss on bluesky

  The new rule is that if your product is mentioned in any context involving AI models your stock immediately falls a minimum of 10% whether or not it makes any sense.  [embedded post]

• @alexjamesfitz.com Alex Fitzpatrick on bluesky

  COBOL headlines in the year of our lord twenty-twentysix.  Wild! www.cnbc.com/2026/02/23/i...

• r/ArtificialInteligence r on reddit

  IBM is the latest AI casualty.  Shares tank 13% on Anthropic programming language threat

• r/StockMarket r on reddit

  IBM is the latest AI casualty.  Shares are tanking 11% on Anthropic programming language threat

• @conorsen Conor Sen on x

  Two people have called me in the last 30 minutes asking if this market move is really because of the Citrini report.

• @jon_stokes Jon Stokes on x

  Turns out the real AI-driven deflation scenario is, “we vibe-coded a viral ‘research note’ and the resulting hallucination caused a big market selloff.”

• @mikeisaac Rat King on x

  there is probably a short sellers inverse ETF to be made based on every new software plugin released by anthropic and google, going down the list of different industries this type of headline is basically happening on a weekly basis now [image]

• @jasonlk @jasonlk on x

  The Last 12 Months for Leading Software Stocks [image]

• @schuldensuehner Holger Zschaepitz on x

  The software selloff continues, w/cybersecurity stocks particularly hard hit following the release of Anthropic's Claude Code Security due to fears that this code-focused tool will change the industry. This indicates that there is nowhere to hide when it comes to software stocks.…

• @bearlyai @bearlyai on x

  Credit card stocks down big based on Citrini Research says AI agents will eventually transact on Stablecoin payment rails and bypass interchange. ▫️Visa -4.4% ▫️Mastercard -6.3% ▫️American Express -7.9% ▫️Capital One -8.0% [image]

• @natewitkin Nathan Witkin on x

  This is insane. Market should not be reacting like this to an economically implausible sci-fi story. That it is implies deep uncertainty and confusion surrounding AI.

• @ljkawa Luke Kawa on x

  Some proof this is the @Citrini7 selloff: It's hitting everywhere! -He's top 3 in Bloomberg profile views over the past hour -4.5M impressions, 2.1K RTs, 12K bookmarks on OG post (per X) https://sherwood.news/...

• @goodalexander @goodalexander on x

  Citrini sent Amex -8% intraday and you're fading on chain agents???

• @apralky Yung Macro on x

  Ok, maybe posters do just run the world now? [image]

• @dalibali2 @dalibali2 on x

  Software giving me bank stock vibes during GFC

• @eliant_capital @eliant_capital on x

  We're now vibe coding American Express I see

• @stocksavvyshay Shay Boloor on x

  SOFTWARE IS OFFICIALLY IN ITS BIGGEST PULLBACK IN 4 YEARS [image]

• @skooookum @skooookum on x

  podcastonomics

• @blondesnmoney @blondesnmoney on x

  That might've been the most market moving piece ever written

• @josephwang Joseph Wang on x

  Bonds are the ultimate AI trade.

• @carnage4life Dare Obasanjo on bluesky

  Markets went from “AI is a bubble” to “the software industry is the bubble” because Claude Code + vibe coding are supposedly about to replace every SaaS product.  —  IBM fell -13% today after Anthropic posted a blog about how Claude Code can modernize COBOL.  Anthropic is eating …

• @edzitron.com Ed Zitron on bluesky

  Here is an annotated version of the Citrini Memo with my own intro.  It is analyslop - scare-fiction written to ingratiate AI boosters and analysts/traders with tales of ultra-automation and socialist data center policies.  Shameful that the markets reacted at all.  —  www.dropbo…

• @shiraovide Shira Ovide on bluesky

  To note the contradictory signals from stock investors:  —  *The AI boom is unsustainable, we must sell when Big Tech says it's spending zillions on AI investments.  —  *The AI boom is going to eat all jobs, friends and industry so sell any stocks in AI's kill zone. www.bloomberg…

• @ljkawa Luke Kawa on bluesky

  Some proof this is the Citrini Research selloff:  —  The viral dystopian post is hitting everywhere!  —James van Geelen is top 3 in Bloomberg profile views over the past hour  —4.5M impressions, 2.1K RTs, 12K bookmarks on OG post (per X)  —  sherwood.news/markets/soft...

• @sterlingcrispin Sterling Crispin on x

  Yesterday, Claude deleted the entire Gmail history of a woman who works as an AI safety researcher at Meta's superintelligence team. Today, we're learning it's moving on to tackle COBOL running 43% of the banking system, 93% of ATMs, the IRS, and $3T of daily settlements. Nice.

• @grummz @grummz on x

  At this point, Anthropic is just trolling to see which stock they can tank this week.😂

• @aakashgupta Aakash Gupta on x

  Anthropic just vaporized $31 billion of IBM's market cap with a blog post about COBOL. The math looks brutal on the surface. IBM closed at $223, down 13%, its worst single-day loss since October 2000. The stock is down 27% in February alone, the worst month since 1968. Accenture

• @robertgraham Robert Graham on x

  Deserved. Half of IBM's business is still the “walled garden” of mainframes. AI makes that largely obsolete.

• @lukolejnik Lukasz Olejnik on x

  Anthropic published a blog post and playbook on how Claude Code handles COBOL. This isn't about fixing old code or keeping it on a mainframe. The process has two stages: first, AI automates the analysis - mapping dependencies, documenting workflows, identifying risks. Work that […

• @koketsoresane Koketso Resane on x

  This is actually insane. Had a lecturer back in the day who was one of the few people in South Africa who was sensei-level in COBOL. The lecturing was his side-hustle - an idea whispered to him by his wife to “give back”. Mans made so much money from maintaining a large retail

• @genai_is_real Chayenne Zhao on x

  ibm losing $40b because claude can read cobol is a massive overreaction. current models have always understood cobol; the real bottleneck isn't the “translation”—it's the secure, on-prem execution. no major bank is sending their core financial logic to a public api. the real

• @adamrackis Adam Rackis on x

  I can think of few things more terrifying than Claude Code converting bank mainframe COBOL into Java so Chase can save on IBM consulting fees

• @jonsteinsson Jon Steinsson on x

  IBM stock fell 13% on a new Anthropic product that makes finding issues in Cobol easier. What I find most interesting about this is that the market didn't see this coming. Isn't the market supposed to be forward looking? https://www.businessinsider.com/ ... via @businessinsider

• @ns123abc Nik on x

  🚨 BREAKING: IBM stock down 13% after Anthropic announced that Claude can streamline COBOL code IBM's entire business model: >maintaining legacy COBOL nobody understands >claude: “I can read it” >IBM stock immediately drops -13% >$40B market cap EVAPORATED Dario strikes [image]

• @chatgpt21 Chris on x

  People think the market is over reacting. I assure you when these models hit 95-100 on this the market will be a brutal bloodbath the likes of which you've never seen before. You have 2.8 years anon. Invest [image]