IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
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 ...
Investing.com South Africa

IBM stock jumps 4% as analysts defend mainframe business

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the ...
Network World

Big Blue’s mainframe gathers no rust

Mainframe customers are taking a fresh look at the Big Iron that celebrated its 40th birthday last month. IBM is spurring things along with new pricing schemes; more powerful processors; support for ...

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
SiliconANGLE

Mainframe confidence surges as modernization campaigns bear fruit

The mainframe, long the backbone of enterprise computing, is enjoying a surge of support as modernization projects bear fruit, according to BMC Software Inc.’s 20th annual mainframe survey. It found ...