IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

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

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

IBM says new AI tools do not address the ‘fundamental engineering challenge of running mission-critical workloads at scale.’ ・IBM charges clients to modernize their financial systems running on Cobol, ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

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