IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..