🟢 IBM is trading 4% up today rebounding from its sharpest drop since 2000 over AI competition fears

IBM is trading at $233.14 (+4.38%) as it rebounds from its sharpest selloff since 2000 triggered by fears over Anthropic's Claude Code tool.

• The stock plunged 13.15% to $223.35 on February 23 due to concerns that AI automation threatens its legacy COBOL and IT services business.
• Today's recovery aligns with broader market gains, including a 0.87% rise in the Dow following tariff implementations.
• Despite the recent volatility, analysts maintain Buy ratings with price targets reaching as high as $370.