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’s Claude Code Shock Tests Confidence In Mainframe And AI Transition

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 ...

I'm Not Convinced Anthropic's New COBOL Coding Tool Is an Actual Threat to IBM

Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL ...

IBM Shares Plunge 13% Amid AI Threat To Legacy Mainframe Business

The sell-off was triggered by a blog post from AI startup Anthropic, which claimed that its AI tool, Claude Code, can ...
Investing.com Nigeria

IBM stock jumps 4% as analysts defend mainframe business

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the company’s mainframe business against concerns raised by Anthropic’s COBOL ...
The Globe and Mail

IBM mainframes still chugging after all these years

The S/360, the computer that spawned IBM's mainframe line, turns 40 on Wednesday - but it's not wallowing in a midlife crisis. Although some pundits regularly declare the death of the mainframe, the ...

IBM: AI-Related Selloff In Software Makes Sense, But Not For IBM

IBM stock analysis: why its mainframes and enterprise software are insulated from AI disruption, with strong FCF and growth ...