IBM stock has tumbled 20.6% in three months after Anthropic's Claude Code threatened its legacy COBOL moat - can hybrid cloud and watsonx offset the risk?

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 ...

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

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

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

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

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...

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

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 (NYSE:IBM) launched its generative AI-powered assistant called watsonx Code Assistant to help enterprise developers and IT operators code quickly and accurately using natural language prompts. The ...