IBM stock has tumbled 20.6% in three months after Anthropic's Claude Code threatened its legacy COBOL moat - can hybrid cloud ...

IBM stock shed 12.2% last week, while shares of peer Cognizant declined 13.7%. ・Investors were seen rotating money out of ...

IBM CEO Arvind Krishna said the company's generative artificial intelligence book of business hit more than $12.5 billion.

The Amazon- and Google-backed AI startup said its latest tool would make it easier to update decades-old business software.

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere.

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

Anthropic launched Claude Code, an AI tool aimed at automating modernization of COBOL on mainframes, raising questions about ...

IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.

In this case, IBM stock meets basic quality criteria. There has only been one previous instance where it dipped significantly ...

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

IBM will modernize digital pricing systems at 235 military commissaries worldwide under a five-year contract with the Defense ...