The IBM campus in North Carolina. In late February, the company experienced a stock market shock it hadn’t felt in 25 years. N&O file photo Anthropic’s Claude Code post wiped about $30B off IBM’s ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

The market's knee-jerk reaction makes enough superficial sense. Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common ...

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IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL Shares of International Business Machines recorded their steepest daily drop in more ‌than 25 years on Monday, ...

International Business Machines’ stock is the latest big software loser that can trace its selloff to fears over new artificial-intelligence features. Back To Top ...

On Tuesday, Anthropic published tools that let Claude read, analyze and translate legacy COBOL into modern languages like Java and Python. By the end of the trading day, investors had wiped roughly ...

Feb 23 (Reuters) - Shares of International Business Machines (IBM.N), opens new tab recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code ...

IBM shares fell 13% after AI startup Anthropic unveiled Claude Code, sparking investor fears about legacy business risks. Anthropic’s Claude Code tool automates COBOL modernization, a process ...

IBM shares tumbled about 13%—the worst since 2000—after Anthropic said Claude Code can modernize COBOL on IBM mainframes. Fears of AI disruption also hit software and cybersecurity stocks. IBM Suffers ...

IBM’s stock stumbled on Monday to its largest single-day loss since the dot-com bubble burst, after Anthropic announced an AI tool it claimed would streamline updates for a decades-old business ...