Most investors jumped to a conclusion on Monday that's not supported by all the facts.

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market got the news right and the conclusion wrong.

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 ...

(Bloomberg) --International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a ...

A sharp market reaction to new AI coding capabilities has reignited debate about the future of legacy mainframe systems. While automation could dramatically speed up modernization, experts warn the ...

COBOL, which stands for Common Business-Oriented Language, is a programming language created in 1959 which is still widely used for business and financial data processing. The language was created by ...

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the ...

The stock closed 13.2 per cent lower at $223.35 on the New York Stock Exchange. The sharp fall reflects investor concern that AI could disrupt one of IBM’s most entrenched revenue streams — mainframe ...

Apparently because the AI Claude Code from Anthropic can take over particularly time-consuming processes when updating source code in COBOL, IBM's share price fell by more than 13 percent on Monday.

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

Indian IT stocks fell up to 6% after IBM's sharp decline AI tool Claude can automate COBOL code modernization COBOL's future impacts major Indian IT firms serving global banks Did our AI summary help?