I skip news like that. It's an AI business hyping one of their tools in a major AI hype-cycle. Shares can go up and down based on sentiment. My point still stands.

To me, there's a big difference between saying that migration projects can now be assisted with some AI tooling and saying that it is cheap and to just get Claude to do it.

Maybe I am out of touch but the former is realistic and the latter is just magical hand-waving.

Share-pricing operates on illusions. Just selling a plausible claim can influence the price. Whether they will deliver at the end, doesn't matter at that moment.

IBM share price is back to where it was pre-Anthropic press release.