There's more to the story than the alphabet.
COBOL is a computer language used for business data processing and IBM is a leader in that area.
IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, ...
Shares of IBM were down more than 10% on Monday after Anthropic published a blog post highlighting how its Claude artificial-intelligence product could lower the cost of COBOL modernization. COBOL is ...
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IBM's stock price plummeted over 10% after Anthropic unveiled an AI tool capable of swiftly modernizing outdated COBOL computer systems.