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

IBM Share Price Drop: "Modernizing a COBOL system once required armies of consultants ⁠spending years ‌mapping workflows.

Claude’s COBOL shake-up just knocked IBM stock lower. Is this a smart buy-the-dip opportunity, or an early warning you shouldn’t ignore?

Wedbush analysts say the recent selloff of International Business Machines Corp (NYSE:IBM) shares is overdone and presents a buying opportunity, arguing that fears around AI-driven disruption to the ...

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

IBM (IBM) has released a new series of storage systems, the IBM FlashSystem 5600, 7600 and 9600, which feature artificial ...

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

IBM (NYSE:IBM) said on February 10 that it is rolling out three new enterprise storage platforms equipped with artificial intelligence tools aimed at cutting down manual storage administration. The ...

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

All three storage systems can be co-managed by IBM’s FlashSystem.ai offering, an AI model trained on “tens of billions of data points” that the company says have been collected through “advanced ...

Feb 23 (Reuters) - Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to ...