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AI, IBM and Anthropic

IBM Confronts Anthropic COBOL Threat While Expanding Watsonx With Voice AI

Anthropic launched an AI tool that automates COBOL modernization, challenging IBM's long established mainframe services business.

· 1d · on MSN

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

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IBM Shares Plummet 13%—Worst Day Since 2000—After Anthropic Launches Programming AI Tool

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IBM's stock bounces after Anthropic-fueled selloff

IBM shares are climbing on Tuesday, but not enough to compensate for sharp Monday declines experienced in the wake of an Anthropic product announcement.

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IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL

CoinDesk · 1d

Crypto suffers deeper declines as AI fears send IBM plunging 11%

IBM, Anthropic and stock

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Analytics Insight · 21h

IBM Stocks Slide 13% After Anthropic Claims Faster COBOL Modernization

IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock fell about 13%, marking IBM’s sharpes

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IBM stock falls after Anthropic says AI can now modernize old software

· 1d · on MSN

IBM’s stock heads for worst month in 34 years — and Anthropic is partly to blame

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Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting

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,

CIO

Anthropic’s claim that AI can quickly refactor COBOL rattles IBM investors

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.

12hon MSN

Anthropic AI’s COBOL code advances unlock new doors for IT companies

Industry leaders say Anthropic’s advances in automating COBOL code could lower migration costs and create new opportunities for IT service firms. HCLTech CEO C Vijayakumar noted modernising mainframes is complex,

Anthropic's new AI tool jolts IBM - What happened and why it matters

The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams

IBM stock plunges after AI tool targets its legacy systems

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

IBM share price falls 13% as Anthropic says Claude can streamline COBOL code: Why did it trigger crash among Indian IT stocks?

COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and retail systems

Newsable Asianet News 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 stock on Monday.