IBM Shares Crater 13% After Anthropic Says Claude Code Can Tackle COBOL Modernization
IBM Plunges 13% as AI Threatens COBOL Empire In a seismic shift that sent shockwaves through Wall Street, IBM’s stock plummeted nearly 13% on Monday after Anthropic published a bombshell blog post suggesting that the company’s decades-long dominance of COBOL modernization could be under existential threat from artificial intelligence. The dramatic sell-off deepened what has […]
