Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

IBM stock hit by worst drop since 2000 after Anthropic’s COBOL claim — what to watch next

IBM stock hit by worst drop since 2000 after Anthropic’s COBOL claim — what to watch next

IBM shares took a beating Monday, plunging 13.2% to $223.35—their sharpest single-day fall since the late '90s—after Anthropic claimed its AI tools could overhaul COBOL systems still running on Big Blue’s mainframes. That news also stung other software players. CrowdStrike and Datadog both lost ground as traders started questioning how disruptive the fresh wave of AI products could be across the sector.
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Stock Market Today

  • CXMT Jumps 471% on Shanghai STAR Debut, Overtakes Intel in Value
    July 27, 2026, 1:35 AM EDT. Chinese memory chip producer CXMT leapt 471% on its Shanghai STAR Market debut on July 27, 2026, collecting at least 57.9 billion yuan ($8.6 billion) in what marks Asia's biggest IPO this year. The government-backed DRAM manufacturer rode the AI boom to a record-breaking listing, moving past Intel's market capitalization even as some voice valuation worries.