How a blog post about a 67-year-old programming language rattled IBM

Is Claude Code coming for Big Blue? Plus, Boom Supersonic leaves Greensboro site unclear and Duke ups minimum wage in this ...

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 ...
24/7 Wall St.

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 target sits at $324.95. That is a gap of roughly 41.7% between where the stock ...

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 Stock Predictions: What Investors Should Expect in 2026 and Beyond

IBM's future price target for 2026 remains above current levels despite competition. By 2030, IBM stock could significantly rise if it masters quantum computing. IBM's debt has increased due to ...

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 ...
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 ...

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 ...

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 ...
The Information

IBM Stock Tanks After Anthropic Says Claude Code Can Modernize Legacy Code

IBM stock dropped 13% on Monday after Anthropic said that its Claude Code tool could be used to automate the modernization of legacy code. IBM mainframes, computers that process a large portion of the ...