AI can translate COBOL code, but that's the easy part. Here's what investors missed on Feb. 23.

Still one of the biggest names in the computing world, IBM (NYSE:IBM) shed over 16% year to date heading into mid-March, a ...

IBM says new AI tools do not address the ‘fundamental engineering challenge of running mission-critical workloads at scale.’ IBM charges clients to modernize their financial systems running on Cobol, ...

IBM shares cratered, falling 13.2 per cent, after Anthropic posted its Claude Code tooling, which it claims can help modernise COBOL systems far faster than the traditional approach. Investors treated ...

The IBM campus in North Carolina. In late February, the company experienced a stock market shock it hadn’t felt in 25 years. N&O file photo Anthropic’s Claude Code post wiped about $30B off IBM’s ...

The sell-off followed a blog post from Anthropic touting its Claude Code AI assistant as a way to modernize massive codebases written in COBOL, the decades-old programming language that still powers ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

IBM's stock ended Monday down 13% as Anthropic's Claude Code threatens to dismantle a critical part of its business IBM's stock ended Monday as the worst-performing member of the S&P 500 following a ...

Since the 1960s, IBM was the undisputed leader in both hardware and software. Much of the world’s mission-critical computing infrastructure — especially systems running on COBOL — still depends on IBM ...

Anthropic has become the master of sliding a blog post up and watching all hell break loose. The AI company has been one of the primary instigators of the sell-off ripping through tech stocks. Over ...

Anthropic’s Claude Code tools follow a two-part pattern: initiators start tasks, communicators manage running sessions across apps like Slack and GitHub.