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Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
If you’re among the more than 1 million people who make Nike’s sneakers and apparel around the world, the company says you should be able to support your family. You should earn enough to pay your ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
In 2025, something unexpected happened. The programming language most notorious for its difficulty became the go-to choice ...
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 ...
Anthropic's Claude Code modernising COBOL systems triggered a 13.2% correction on IBM's stock.
On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...