Industry Newsllmcobol modernizationmainframesibm

IBM Stock Plunges After Anthropic Promotes COBOL

financialpost.com

|February 23, 2026

6.8

Relevance Score

IBM Stock Plunges After Anthropic Promotes COBOL

IBM shares plunged on Monday after AI startup Anthropic said its Claude Code tool can automate COBOL modernization, with shares falling as much as 13% intraday. Investors worry this could weaken demand for IBM's mainframe-dependent revenue — the stock lost 26% in February and faces broader pressure from AI-driven software disruption.

More AI & Data Science News

Databricks and Tonic Simplify Building RAG Systems

6.8

Feb 24

Scoring Rationale

Timely market reaction and credible sources indicate high relevance; limited novelty and shallow depth constrain broader industry impact.

Sources

IBM shares plunge as Anthropic touts COBOL modernization efforts
financialpost.com
Read Original

Share

More AI & Data Science News

Databricks and Tonic Simplify Building RAG Systems

Kayak Launches Nostalgic Ads Highlighting Travel Planning

States Expand Employment Protections Amid Federal Guidance Withdrawals

Federal Judge Dismisses xAI Trade-Secret Lawsuit

Scoring Rationale

Sources