Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

IBM shares rebound 5% after AI fears fade, as analysts defend its mainframe strength and downplay risks from Anthropic’s ...

IBM stock fell over 13% in a single trading session, raising its forward dividend yield to 3% right now.

Following the recent selloff, IBM’s valuation has become more compressed, according to analysts. The stock now trades at ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

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