Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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

International Business Machines (NYSE: IBM) is traded at $229.32 as of February 24, 2026, while the average analyst price ...

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when ...

IBM (IBM) shares sold off on Monday on the basis that Anthropic's (ANTHRO) Claude Code product can translate COBOL, prompting concern about the tech giant's legacy business. However, investment firm ...

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and ...

Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The ...

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

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 ...

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