IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

IBM shares sink most in 25 years as company becomes the latest AI casualty

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

IBM shares plunge as Anthropic touts COBOL modernization efforts

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its ...

IBM stock falls after Anthropic says AI can now modernize old software

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.
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IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

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 ...

Anthropic's latest Claude Code update triggers massive IBM stock selloff, shares down 13.2% in a day

IBM shares fell 13.2%, suffering their worst day since 2000, at $223.35 per share, after Anthropic shared an update regarding ...