Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns ...

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 ...

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

COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems ...

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

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

Shares sank as much as 13 per cent, their biggest intraday drop since March 2020. With the decline, the stock is now down 26 ...

Anthropic launched Claude Code, an AI tool aimed at automating modernization of COBOL on mainframes, raising questions about ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...

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 ...