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 ...

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 ...

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 ...

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 ...

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

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

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

The S/360, the computer that spawned IBM's mainframe line, turns 40 on Wednesday--but it's not wallowing in a midlife crisis. Although some pundits regularly declare the death of the mainframe, the ...

IBM sold off large portions of its hardware businessin 2014. The company no longer sells the Intel-based servers that dominate the data center, and it no longer manufactures its own processors.

Forty years after Big Blue introduced the S/360, the zaftig systems are still going strong and finding a way to fit into 21st-century computing. Michael Kanellos is editor at large at CNET News.com, ...