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

Anthropic launched Claude Code, an AI tool aimed at automating modernization of COBOL on mainframes, raising questions about ...

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

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

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

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

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

IBM (IBM) shares sold off on Monday on the basis that Anthropic's (ANTHRO) Claude Code product can translate COBOL, prompting concern about the tech giant's legacy business. However, investment firm ...

IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock fell about 13%, marking IBM’s sharpes ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...