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

IBM experienced a significant decline in its stock value, dropping 13.2%—its largest single-day fall in over 25 ...

IBM's stock value dropped 13% following Anthropic's announcement that its Claude Code tool could modernize COBOL-run legacy ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

Shares of technology and consulting giant IBM (NYSE:IBM) fell 4% in the morning session after Anthropic launched a new AI ...

International Business Machines Corp. shares plunged on Monday, after the artificial intelligence startup Anthropic said its ...

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 ...

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, according to data compiled by Bloomberg. “Modernizing a Cobol system once ...

IBM shares plunged 13% - their worst day in 25 years - after Anthropic said Claude Code could modernise Cobol systems.

On Monday, shares of International Business Machines Corp IBM declined 13.18% in the regular session to $223.35 and gained ...