IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
Asianet Newsable on MSN
IBM defends after 13% Anthropic-fueled stock drop: ‘New AI tools emerge every week,’ Cobol modernization challenges remain
Anthropic unveiled new Claude functionality that can modernize COBOL code faster at scale, triggering a sharp drop in IBM ...
Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
Technobezz on MSN
IBM Stock Plunges 13% After Anthropic AI Challenges Core Business
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..
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