Claude Code Challenges IBM Legacy Business As Valuation Discount Widens

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

IBM Stock Rebounds After Anthropic Claude Code Sell-Off

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

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 ...
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IBM Takes Its Lumps in 2026: Is This a Buy the Dip Opportunity?

International Business Machines (NYSE: IBM) is traded at $229.32 as of February 24, 2026, while the average analyst price ...

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 stock sinks as Anthropic rolls out yet another disruptive AI tool

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

IBM Stock Plunges on AI Threat From Anthropic: Time to Rethink?

IBM stock has tumbled 20.6% in three months after Anthropic's Claude Code threatened its legacy COBOL moat - can hybrid cloud ...

IBM's Anthropic-induced sell-off overlooks the fact it's disrupting itself: Jefferies

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 is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

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

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 stock was down 10% on Monday afternoon after Anthropic published a blog ...