COBOL is a computer language used for business data processing and IBM is a leader in that area.

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

Feb 23 (Reuters) - 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 ...

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

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

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 ...

COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems ...

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

IBM experienced a significant decline in its stock value, dropping 13.2%—its largest single-day fall in over 25 ...

IBM shares fell 13.2%, suffering their worst day since 2000, at $223.35 per share, after Anthropic shared an update regarding ...

IBM's stock value dropped 13% following Anthropic's announcement that its Claude Code tool could modernize COBOL-run legacy ...