Anthropic Vs. IBM: AI Starts To Threaten Businesses (Rating Downgrade)

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

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

Short for Common Business-Oriented Language, COBOL is a dominant code system developed in the late 1950s often used in business data processing, such as payment processing and retail transaction ...

Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocks

IBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall ...
Opinion

IBM falls most since 2000 after Anthropic COBOL AI claims; Thomas says translation isn’t modernization

IBM’s ( IBM) Software and Chief Commercial Officer, Rob Thomas, wrote in a Monday blog post that translating COBOL code isn’t equivalent to modernizing enterprise systems, emphasizing that platform ...
The Financial Express

IBM plummets 13% in biggest one-day drop since 2000 — 3 triggers behind US stock market fall

IBM’s stock took a hit after Anthropic, the company behind the AI model Claude, said its new tool can make fixing old COBOL ...

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, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

IBM stock sinks as Anthropic rolls out yet another disruptive AI tool

IBM shares tumbled after Anthropic unveiled a tool aimed at business that use a decades-old programming language ...