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IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

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(Bloomberg) --International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a ...

Shares sank as much as 13 per cent, their biggest intraday drop since March 2020. With the decline, the stock is now down 26 per cent in February, on track for its biggest one-month percentage decline ...

International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to ...

Indian IT stocks fell up to 6% after IBM's sharp decline AI tool Claude can automate COBOL code modernization COBOL's future impacts major Indian IT firms serving global banks Did our AI summary help?

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What’s going on here? IBM shares slid 13.2% on Monday after Anthropic said its Claude Code can help modernize the COBOL systems that still run on IBM mainframes. What does this mean? COBOL is a ...