IBM stock falls after Anthropic says AI can now modernize old software

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

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 plunges after AI tool targets its legacy systems

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% Mo…

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...
The Financial Express

From crash to comeback: IBM rebounds 5% as analysts call AI-driven sell-off an overreaction

IBM shares rebound 5% after AI fears fade, as analysts defend its mainframe strength and downplay risks from Anthropic’s ...

IBM share price falls 13% as Anthropic says Claude can streamline COBOL code: Why did it trigger crash among Indian IT stocks?

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...
CoinDesk

Crypto suffers deeper declines as AI fears send IBM plunging 11%

Artificial intelligence company Anthropic announced that its Claude platform can streamline COBOL code, a key profit center ...
Investor's Business Daily on MSN

IBM stock stung by Anthropic fears. Analyst says AI 'can't replace' the mainframe

"Modernizing a COBOL system once required armies of consultants spending years mapping workflows," Anthropic said in a blog post, adding that "AI changes this." IBM produces the m ...