Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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 ...

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

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 ...

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 dated programming ...

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

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 ...

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

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

IBM announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools, and knowledge to enhance IBM ...

BURLINGTON, Mass. & LAS VEGAS--(BUSINESS WIRE)--Precisely, a global leader in data integrity, today announced at AWS re:Invent 2023 that it is working with Amazon Web Services (AWS) to expand AWS ...