Discover how Anthropic's AI tool threatens IBM's dominance by modernising COBOL systems, causing a 13.2% stock drop and ...

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

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

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

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

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when ...

IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...

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

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...

IBM stock fell over 13% in a single trading session, raising its forward dividend yield to 3% right now.