IBM, AI and Anthropic
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In this case, IBM stock meets basic quality criteria. There has only been one previous instance where it dipped significantly and recovered by 37% over the following 12 months, with a maximum recovery of 42%.
IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.
Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding competition in the space.
Besides being an absolute pain to deal with, they all rely on COBOL and IBM mainframe computers as core infrastructure. The computing giant's stranglehold over those markets may finally begin to crack,
IBM plans to triple its entry-level hiring in the U.S. in 2026 but these jobs will have different tasks than in previous years.
IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.
IBM (NYSE: IBM) today released the 2026 X-Force Threat Intelligence Index, showing that AI-accelerated cyberattacks are reshaping the North American threat landscape and increasing pressure on Canadian organizations.
On the heels of IBM’s sharpest daily decline in a quarter-century, analysts cheered the resilience of the company’s mainframe business.