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 ...

OpenAI said on Thursday it will acquire Astral, as the ChatGPT maker doubles down on artificial intelligence-powered coding ...

IBM stock was down 10% on Monday afternoon after Anthropic published a blog post about how its Claude Code tool can be used to modernize software written in the COBOL language, which handles ...

Quick Read IBM (IBM) trades at 22.7x trailing P/E after its COBOL dip. AI coding tools like Claude Code are disrupting ...

International Business Machines Corp IBM shares are rebounding Tuesday morning after plunging more than 13% Monday, when fears about artificial-intelligence disruption hammered the legacy tech giant.

COBOL is a computer language used for business data processing and IBM is a leader in that area.

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 ...