With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
Investor's Business Daily on MSN
IBM stock stung by Anthropic fears. Analyst says AI 'can't replace' the mainframe
IBM is the latest victim to investor fears about Anthropic's AI code.
IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.
Shares sank as much as 13 per cent, their biggest intraday drop since March 2020. With the decline, the stock is now down 26 ...
Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...
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 ...
Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...
A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...
The legacy programming language that refuses to die is still powering millions of daily transactions, but the difficulties of maintaining and integrating Cobol mainframes make the case for ...
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