IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services ...

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

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

IBM shares fell sharply after Anthropic said its AI coding tools could accelerate COBOL modernization, raising concerns about legacy services demand.

IBM announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools, and knowledge to enhance IBM ...

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the ...

Investors fear that the new capabilities could disrupt IBM’s mainframe business. ・Jefferies reiterated ‘buy’ on IBM after the stock slide. ・Retail investors turn ‘extremely bullish,’ arguing that the ...

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 ...

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

IBM stock fell over 13% in a single trading session, raising its forward dividend yield to 3% right now.

BURLINGTON, Mass. & LAS VEGAS--(BUSINESS WIRE)--Precisely, a global leader in data integrity, today announced at AWS re:Invent 2023 that it is working with Amazon Web Services (AWS) to expand AWS ...