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

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

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 ...

Mainframes are no longer seen as a constraint on public sector digital transformation, with government agencies abandoning rip-and-replace strategies in favour of modernising mainframe systems with hy ...

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

Yet IBM, known as Big Blue, has become the latest US tech giant to be suffering from AI jitters. Its stock dropped 13pc on ...

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

Wedbush analysts say the recent selloff of International Business Machines Corp (NYSE:IBM) shares is overdone and presents a buying opportunity, arguing that fears around AI-driven disruption to the ...

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

IBM's ( IBM) share price plunged 13% by the closing bell on Tuesday, but the analysts at Wedbush label the sell-off as unwarranted, and the decline presents an attractive buying opportunity for ...