Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

International Business Machines (NYSE: IBM) is traded at $229.32 as of February 24, 2026, while the average analyst price ...

IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the ...

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

Shares sank as much as 13 per cent, their biggest intraday drop since March 2020. With the decline, the stock is now down 26 ...

Investors fear that the new capabilities could disrupt IBM’s mainframe business. ・Jefferies reiterated ‘buy’ on IBM after the stock slide. ・Retail investors turn ‘extremely bullish,’ arguing that the ...