Anthropic’s latest business move has hit shares of International Business Machines Corp or IBM hard. The stock tumbled on ...

Software stocks have been battered in recent months by market fears around the growing capabilities of AI tools Read more at The Business Times.

Shares tank 13 per cent on Anthropic programming language threat. Read more at straitstimes.com. Read more at ...

Shares of International Business Machines (IBM), popularly known as “Big Blue”, plunged 13% on Monday, marking the company’s ...

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

IBM shares plunged 13% after Anthropic said its Claude Code can automate COBOL modernisation—threatening a core IBM mainframe and legacy IT services revenue stream tied to the ageing programming ...

On Monday, shares of International Business Machines Corp IBM declined 13.18% in the regular session to $223.35 and gained 0.94% in after-hours trading. The stock was seen trending overnight. The ...

Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a ...

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

IBM's stock ended Monday as the worst-performing member of the S&P 500 following a disruptive AI announcement from Anthropic. International Business Machines' stock is the latest big software loser ...

Shares of International Business Machines tumbled 13% Monday, their worst single-day move since October 2000. The stock began ...

Artificial intelligence company Anthropic announced that its Claude platform can streamline COBOL code, a key profit center ...