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

Shares of International Business Machines tumbled 13% Monday, their worst single-day move since October 2000. The stock began ...

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

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

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23.

AI disruption fears are sparking a sharp market rotation after a $275B software wipeout and hits to cybersecurity and IBM. Click here to get the key takeaways now.

Analysts argue the reaction overlooks IBM’s own AI strategy. Shares of International Business Machines suffered their ...

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

Discover how Anthropic's AI tool threatens IBM's dominance by modernising COBOL systems, causing a 13.2% stock drop and ...

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The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.