Latest News for: IBM

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IBM stock dives after Anthropic points out AI can rewrite COBOL fast

The Register 24 Feb 2026
IBM’s share price slumped by 13 percent on Monday, ...
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IBM Business Model At Risk? Anthropic's Claude Can Modernise COBOL Code; Stocks Fall 13%

NDTV 24 Feb 2026
IBM shares plunged 13% after Anthropic said its Claude Code can automate COBOL modernisation-threatening a core IBM mainframe and legacy IT services revenue stream tied to the ageing programming... .
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IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOL

The Economic Times 24 Feb 2026
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 modernize a ‌programming ⁠language run on ⁠IBM systems ... .
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Anthropic says Claude can understand COBOL, IBM stock suffers worst fall in 25 years

India Today 24 Feb 2026
Anthropic says Claude can understand COBOL IBM stock suffers worst fall in years ... .
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IBM suffers steepest drop in 25 years amid Anthropic AI coding claims

The Independent 24 Feb 2026
IBM shares dropped 13.2 per cent in a day - the steepest since October 2000 .
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US Stocks | IBM posts steepest daily drop since 2000 after Anthropic says AI can ...

The Economic Times 24 Feb 2026
IBM shares plummeted over 13% on Monday, marking their worst single-day fall in ...
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IBM stock falls 13.1% after Anthropic launches AI tool to modernize COBOL code

The Economic Times 24 Feb 2026
IBM stock price dropped sharply after an AI company launched a tool to ...
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IBM stock suffers worst single-day drop in 25 years over Anthropic’s COBOL tool: What it is and why it wiped billions of dollar for IBM

The Times of India 24 Feb 2026
And most of this code runs on IBM mainframes—the massive, customer-owned servers optimised for large-scale transaction processing.The problem ... IBM's 13.2% drop was its steepest daily decline since October 2000 ... It's not just IBM.
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