IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.
International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...
International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, ...
Every conversation I have with enterprise leaders today carries an unmistakable urgency about AI transformation. The economics have changed, possibilities have expanded dramatically, and the pressure ...
Stocktwits on MSN
IBM defends after 13% Anthropic-fueled stock drop: ‘New AI tools emerge every week,’ Cobol modernization challenges remain
IBM says new AI tools do not address the ‘fundamental engineering challenge of running mission-critical workloads at scale.’ ・IBM charges clients to modernize their financial systems running on Cobol, ...
Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
AWS has removed its legal protections for customers using its video transcoding and streaming services, potentially exposing them to patent infringement claims from codec rights holders. The change ...
Technobezz on MSN
IBM Stock Plunges 13% After Anthropic AI Challenges Core Business
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..
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