Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Claude Is Gunning For COBOL. IBM Strikes Back

IBM Q1 2026. Solid Beats But Prudent Guidance Gets Punished.

Thematic (Sector/Industry)

Japan Industrials / Thematic (Sector/Industry)

<ul>
<li>US equities fell in a broad risk-off session driven by escalating AI disruption fears and renewed trade tensions.</li>
<li>IBM -13% after Anthropic said its Claude model can automate COBOL modernisation, reinforcing concerns over AI-driven displacement in legacy IT services</li>
<li>Keysight Technologies (+15% after hours) reported Q1 revenue up 23% year on year, strong communications unit growth tied to AI data centres and defence</li>
</ul>


US equities fell in a broad risk-off session driven by escalating AI disruption fears and renewed trade tensions.
IBM -13% after Anthropic said its Claude model can automate COBOL modernisation, reinforcing concerns over AI-driven displacement in legacy IT services
Keysight Technologies (+15% after hours) reported Q1 revenue up 23% year on year, strong communications unit growth tied to AI data centres and defence


Ohayo Japan | Claude Kills Again