As of Tuesday's close, International Business Machines Inc. IBM is down 25% month-to-date — putting the stock on pace for its ...

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

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

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

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

Evercore says IBM’s 2026 free cash flow target of $15.7B is beatable, citing net income and software tailwinds plus Confluent ...

Today’s Forbes Daily also covers financial market fallout from Trump’s tariffs, FedEx sues the government, Novo Nordisk tumbles, winter storm cancels flights and more.

Paul Tudor Jones is no stranger to spotting macro turning points. But his firm, Tudor Investment‘s newest bet on International Business Machines Corp. IBM is suddenly facing a test few investors saw ...