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

International Business Machines (NYSE: IBM) is traded at $229.32 as of February 24, 2026, while the average analyst price ...

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

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 ...

Are AI tools from Anthropic and other players on the verge of disrupting IBM's growth story?

Since the majority of mainframe computers running COBOL are produced by IBM, the development triggered heavy selling in the ...

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

The sudden sell-offs for both IBM stock and DoorDash have a common culprit.

IBM's push to create systems that can manage themselves is moving from the drawing board to the commercial development community. The company plans to release on Monday an open-source toolkit that ...

IBM is readying new tools to bolster its Web-services plan. The company this week announced plans to ship a new version of WebSphere Studio, a set of software-development tools that convert existing ...