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 ...

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 ...
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 ...

Anthropic Claude Code tool impact: IBM share price crashes most in 25 years; may see biggest monthly fall in almost 60 years

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...
Forbes

IBM Releases Granite Code AI Models To Open-Source Community

IBM Research recently announced it’s open sourcing its Granite code foundation models, a key element within IBM’s broader family of Granite foundation models. IBM Research introduced its Granite ...

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 ...

IBM stock rebounds after Anthropic Claude Code sell-off

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when fears about artificial-intelligence disruption hammered the legacy tech giant.
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 ...

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 ...
Nasdaq

IBM Launches watsonx Code Assistant, Delivers Generative AI-powered Code Generation Capabilities Built for Enterprise Application Modernization

ARMONK, N.Y., Oct. 26, 2023 /PRNewswire/ -- Today IBM (NYSE: IBM) launched watsonx Code Assistant, a generative AI-powered assistant that helps enterprise developers and IT operators code more quickly ...
SiliconANGLE

IBM pivots to focus on code generation with open-source Granite generative AI models

IBM Corp. today made clear its intention to stay at the forefront of generative artificial intelligence development, announcing a host of updates to its year-old watsonx platform, including a new ...