COBOL Programming Language

IBM, COBOL and Anthropic

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOL

IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows. Tools like Claude Code can automate the exploration and analysis ⁠phases that consume most of the effort in COBOL modernization,

· 1d

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

· 1d · on MSN

IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

· 1d

How IBM’s 13% Plunge On Anthropic’s COBOL Fears Sparked Bloodbath In TCS, Infosys & Other IT Stocks

Shares of major IT companies came under intense selling pressure on February 24, falling by as much as 8 percent after a steep decline in IBM rattled global markets.

· 1d

Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocks

· 1d

Anthropic's latest Claude Code update triggers massive IBM stock selloff, shares down 13.2% in a day

1don MSN

IBM Shares Plummet 13%—Worst Day Since 2000—After Anthropic Launches Programming AI Tool

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

16hon MSN

Explained | What is COBOL? How an Anthropic Claude blog wiped $30 billion off IBM in a single session

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic

IBM stock plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

1don MSN

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

COBOL is a computer language used for business data processing and IBM is a leader in that area.

7hon MSN

Code shock: Anthropic’s Cobol claim erases $30-billion from IBM’s market cap

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap. While IBM argues code translation isn't full modernization, the potential for AI to drastically cut costs for migrating legacy systems presents a significant opportunity for Indian IT firms.