Misconfigurations and access control issues trigger many enterprises security problems, according to IBM’s X-Force security ...

Anthropic's AI tool Claude's ability to modernize Cobol code caused IBM shares to plummet, wiping out billions in market cap.

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

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 ...

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

The AI scare trade is taking no prisoners. And I mean no prisoners. IBM stock sold off to the tune of 13.5% on Monday after ...

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...

Analysts at Wedbush said the selloff may overstate short-term risks and could present a buying opportunity into 2026. Dan Ives reiterated an Outperform rating with a $340 price target, noting that ...

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

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

The sell-off was triggered by a blog post from AI startup Anthropic, which claimed that its AI tool, Claude Code, can understand and modernise COBOL, a programming language created in the 1950s that ...

IBM shares plunged 13.2% after Anthropic said its Claude Code can modernise COBOL, raising fresh fears of AI-led disruption.