The Financial Express

Explainer: How Claude Code threatens to disrupt IBM’s mainframe biz

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

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 ...
CIO

Anthropic’s claim that AI can quickly refactor COBOL rattles IBM investors

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 ...
NDTV Profit

IBM Business Model At Risk? Anthropic's Claude Can Modernise COBOL Code; Stocks Fall 13%

IBM shares plunged 13% after Anthropic said its Claude Code can automate COBOL modernisation—threatening a core IBM mainframe ...

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, according to data compiled by Bloomberg. “Modernizing a Cobol system once ...

IBM stock dives after Anthropic points out AI can rewrite COBOL fast

Big Blue has been saying this itself since 2023 IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Hosted on MSN

Claude Code Brings Vibe-Coding To The Web And iPhone

Anthropic on Monday announced that it brought Claude Code, its agentic AI coding platform, to the web and the iPhone app. Users vibe-coding with Claude Code will be able to use the web app or the ...