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

IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

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

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

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

IBM shares plunged earlier this week on concerns its core mainframe business was facing competition from AI. What's next for the tech titan? Seeking Alpha analysts weigh in.

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

Industry leaders say Anthropic’s advances in automating COBOL code could lower migration costs and create new opportunities for IT service firms. HCLTech CEO C Vijayakumar noted modernising mainframes ...

New AI coding tools are accelerating legacy system modernization, raising opportunities and risks for banks, enterprises, and ...

Anthropic launched Claude Code, an AI tool aimed at automating modernization of COBOL on mainframes, raising questions about IBM’s legacy consulting and modernization work. The development has sparked ...

IBM’s stock recovered a bit after its February plunge as experts highlighted AI startup Anthropic’s work on legacy COBOL code ...

IBM stock rebounded on Tuesday, climbing around 4% to $234.68, as investors reassessed the previous day’s steep decline and ...