IBM stock has tumbled 20.6% in three months after Anthropic's Claude Code threatened its legacy COBOL moat - can hybrid cloud and watsonx offset the risk?

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. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

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.

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

In this case, IBM stock meets basic quality criteria. There has only been one previous instance where it dipped significantly and recovered by 37% over the following 12 months, with a maximum recovery ...

IBM (IBM) shares sold off on Monday on the basis that Anthropic's (ANTHRO) Claude Code product can translate COBOL, prompting concern about the tech giant's legacy business. However, investment firm ...

Following the recent selloff, IBM’s valuation has become more compressed, according to analysts. The stock now trades at ...

Microsoft and other hyperscalers are pouring billions of dollars into AI projects, and that’s putting a damper on valuations ...

Our EPO and IBM Coverage Bears Fruit. posted by Roy Schestowitz on Mar 03, 2026. Based on our sources - including very ...