# IBM Loses $31B in Market Value After Claude Code Demo

- slug: ibm-loses-31b-in-market-value-after-claude-code-demo
- date: 2026-04-01
- category: Artificial Intelligence

The injunction buys time. But $19 billion in projected annual revenue against $5 billion actually collected is a gap that judges cannot close. Add back-to-back security incidents, and the month is messier than the headline suggests.

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