IBM's stock ended Monday as the worst-performing member of the S&P 500 following a disruptive AI announcement from Anthropic.

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens consulting. Click for more on IBM and ANTHRO.

While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...

Hackers hit more than 700 ATMs last year, resulting in $20 million worth of losses, the FBI says. The malware can instruct an ATM to dispense cash on demand, no bank card needed.

Malware-wielding criminals "jackpotted" ATMs across the United States last year to walk away with $20 million thanks to "cash ...

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

Jackpotting involves criminals using malware and physical tampering to force ATMs to dispense cash without accessing customer accounts.

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..