AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...
Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ‘casualty’ of this was the legendary firm IBM, whose stocks fell.
International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic ...
On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
COBOL was associated with the Y2K phenomenon at the turn of the century, a software problem arising from the inability of ...
Discover how quantitative analysts, or quants, use advanced mathematical models to predict market trends and identify lucrative investment opportunities.
While Anthropic’s Claude Code grabbed headlines, IBM has been deploying its own generative AI solution, Watsonx Code Assistant for Z, designed to modernize the very mainframes it built. Unlike general ...
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Compelling risk-reward ratio for adding exposure to software stocks, says Raymond James' Javed Mirza
Javed Mirza, Raymond James technical strategist, joins 'The Exchange' to discuss the state of software stocks, the technical ...
Uncertainty around the long-term viability of software business models has major ripple effects on today's stock prices.
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