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

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 ...

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

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.

International Business Machines Corp (NYSE: IBM) shares are rebounding Tuesday morning after plunging more than 13% Monday, ...

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

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.

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything ...

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core mainframe business. This AI advancement could compress years-long, costly ...

Add Yahoo as a preferred source to see more of our stories on Google. The new season will be filmed in France, and the team is “actively scouting swank locations” in both Paris and the French Riviera, ...

About International Business Machines Corp. International Business Machines Corp. is an information technology company, which engages in the provision of integrated solutions that leverage information ...