Shares of International Business Machines (IBM) were hammered this week after Anthropic (ANTHRO) announced its Claude Code tool could be used to efficiently modernize systems running on COBOL, a ...

As of Tuesday's close, International Business Machines Inc. (NYSE: IBM) is down 25% month-to-date — putting the stock on pace for its worst month since December 1992. That's worse than October 2018's ...

IBM (NYSE: IBM) stock got hit hard in Monday's trading as fears that artificial-intelligence (AI) technologies could disrupt the company's common business-oriented language (COBOL) tech stack. The ...

IBM stock fell roughly 13% in Monday's trading in response to concerns that new AI tools could have a disruptive impact on the company. Anthropic is touting Claude Code's ability to modernize COBOL ...

IBM’s (IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

International Business Machines’ stock is the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. Back To Top ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

Feb 23 (Reuters) - Shares of International Business Machines (IBM.N), opens new tab recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code ...

IBM just got hit with one of its worst single-day drops in years. Shares fell over 13.2% on Feb. 23, 2026, closing at $223.35. That panic-driven sell-off pushed IBM stock down more than 24% year to ...

Just weeks after its new AI tools for the office shook software stocks, Anthropic is pushing even deeper into the workplace. The company is updating its Claude AI helper to perform better at tasks for ...

Let’s uncover how the IBM stock crash unfolded as AI driven modernization and legacy COBOL migration fears shake investors. Summary is AI generated, newsroom reviewed. IBM stock crash erased $31 ...

Anthropic’s Claude Code can now automate COBOL code modernization, threatening a major revenue stream for IBM, Accenture, and Cognizant IBM shares fell over 11% after the announcement; Accenture and ...