IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.

International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...

On 23 Feb 2026, IBM shares dropped 13%, losing nearly $30B, after Anthropic's Claude AI promised faster COBOL modernization, threatening legacy IT services dependent on scarce expertise.

IBM is the latest victim to investor fears about Anthropic's AI code.

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced ...

After Anthropic introduced a tool for automating time-consuming COBOL modernization, IBM's stock plummeted over 13 percent.

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams ...

Java and JavaScript are entirely different languages despite their similar names. Java is compiled and widely used for ...

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...

IBM’s share price slumped by 13 percent on Monday, seemingly caused by investors reacting to an Anthropic blog post that points out its Claude Code tools can accelerate refactoring of apps written in ...

Our '7 Days' weekly tech roundup brings the juiciest announcements. Read about Pentagon drama (it involves AI), Apple's new ...

The drive towards newer Java versions and updated enterprise specifications isn’t just about keeping up with the latest tech; ...