Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

On Monday, shares of International Business Machines Corp IBM declined 13.18% in the regular session to $223.35 and gained 0.94% in after-hours trading. The stock was seen trending overnight. The ...

The AI-driven software sell-off that ravaged markets in early February isn't over, with IBM stock tanking on Monday as Anthropic highlighted another disruptive use case for its AI agent. IBM shares ...

IBM shares dropped 13% on Feb. 23, on fears that Anthropic's Claude Code AI would accelerate COBOL modernization and undermine the mainframe business. AI can help translate legacy code, but it can't ...

IBM (IBM) shares sold off on Monday on the basis that Anthropic's (ANTHRO) Claude Code product can translate COBOL, prompting concern about the tech giant's legacy business. However, investment firm ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

IBM shares cratered, falling 13.2 per cent, after Anthropic posted its Claude Code tooling, which it claims can help modernise COBOL systems far faster than the traditional approach. Investors treated ...

Anthropic's steady stream of new tools and updates for its Claude AI has hammered stocks this year. Claude's capabilities have wiped billions in market cap from software and cybersecurity stocks. The ...

International Business Machines (NYSE: IBM) shares took a 13% nosedive on Feb. 23, their worst single-day drop in over 25 years. The culprit? Fears that Anthropic's Claude Code AI would make COBOL ...