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

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

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 shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...

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

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

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

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

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...

International Business Machines Corporation is now rated a Buy as the recent AI-driven selloff has created a compelling valuation opportunity. Learn more about IBM stock here.