Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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

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 ...

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 ...

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

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

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the ...

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

IBM has been criticised over its recent purchase of mainframe company Platform Solutions. The Computer & Communications Industry Association (CCIA) said the purchase of Platform Solutions (not to be ...

I look back at my mainframe days very fondly. Hired to be a GIS code monkey on VM/SP, I would up also managing our machine, applying PUTs and even performing the upgade from VM/SP 5 to VM/SP 6--heady ...