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

The selloff was triggered by a post from Anthropic outlining how its Claude Code tool can significantly automate the analysis and modernisation of legacy COBOL code. COBOL is a programming language ...

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IBM experienced a significant decline in its stock value, dropping 13.2%—its largest single-day fall in over 25 years—following Anthropic's announcement regarding its Claude Code tool.

IBM stock closed 13.15% lower at $223.35 on NYSE wiping out more than $31 billion in market cap after the AI startup Anthropic announced that Claude can streamline COBOL code.

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

IBM's stock ended Monday as the worst-performing member of the S&P 500 following a disruptive AI announcement from Anthropic. International Business Machines' stock is the latest big software loser ...

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

Short for Common Business-Oriented Language, COBOL is a dominant code system developed in the late 1950s often used in business data processing, such as payment processing and retail transaction ...

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