IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

IBM shares plunge as Anthropic touts COBOL modernization efforts

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its ...

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 ...

IBM stock falls after Anthropic says AI can now modernize old software

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

IBM falls most in 25 years on AI threat fears: Analysts say it’s a buy

Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
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IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...

IBM shares sink most in 25 years as company becomes the latest AI casualty

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...