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 ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...

Will software engineering profession die in the age of AI? IBM stock bleeds as Claude Code writes COBOL scripts. What it means for techies

AI agents like Claude Code are reshaping software development by automating legacy modernisation and routine coding. A recent ...

What is COBOL, the high-level programming language that is behind biggest-ever fall in IBM stock value

AI startup Anthropic's claim of automating COBOL modernization sent IBM's stock plummeting, wiping billions off its market value. The decades-old language, still powering critical systems, faces a ...
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 ...

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, ...

Why the Software Market is a High-Growth Investment Opportunity Through 2035 | Market to Surpass USD 2.47 Trillion

According to Precedence Research, the global software market size accounted for USD 823.92 billion in 2025 and is predicted to reach around USD 2.47 trillion by 2035, expanding at a healthy CAGR of 11 ...
The Financial Express

Explainer: How Claude Code threatens to disrupt IBM’s mainframe biz

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.

U.S. Supreme Court’s tariff ruling, Carney’s new defence strategy and the top dividend-paying stocks: Business and investing stories for the week of Feb. 22

U.S. Supreme Court’s tariff ruling, Carney’s new defence strategy and the top dividend-paying stocks: Business and investing ...
Business Insider

The Noom Engagement Report: New Data Shows that the GLP-1 Patients Who Use Noom the Most Also Lose the Most Weight and Stay On Medication Program Longest

PRINCETON, N.J., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Noom, the leading behavior change company, today shared new real-world findings from tens of thousands of members, showing a clear relationship: ...
Le Lézard

Coforge Expands CodeInsightAI with Agentic AI Capabilities for Enterprise Modernization

Coforge Limited (NSE: COFORGE), a global digital services and solutions provider, today announced expanded new capabilities for Coforge CodeInsightAI, its agentic AI-powered code intelligence and ...