IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

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

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

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

IBM Faces Worst Month Since 1992 — Is Anthropic The New Dot-Com Moment?

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

IBM Stock Rebounds After Anthropic Claude Code Sell-Off

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when ...

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

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 Lost $31 Billion in 1 Day on AI Fears. Should You Buy the Dip?

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

IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

Explained | What is COBOL? How an Anthropic Claude blog wiped $30 billion off IBM in a single session

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic ...