On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. IBM (NYSE:IBM) saw its ...

COBOL stands for Common Business-Oriented Language and was created in 1959. It was partly drawn on the work of computing pioneer Grace Hopper and was built for a single purpose: processing business ...

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

International Business Machines is insulated from AI disruption due to its mission-critical, deeply integrated enterprise software and hardware solutions. IBM's mainframes and core systems remain ...

Jefferies analyst Brent Thill, maintaining a Buy rating with a $370 price target, said the concerns overlook that IBM is already disrupting itself by embedding GenAI directly into the mainframe to ...

"Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows. Tools like Claude Code can automate the exploration and analysis ⁠phases that consume most of the ...

New Delhi: IBM shares fell sharply on Monday after artificial intelligence startup Anthropic highlighted how its Claude Code tool can modernise COBOL systems. The announcement triggered concerns about ...