The announcement reignited fears that generative AI could disrupt traditional enterprise software and consulting revenue streams

With the decline, IBM shares have fallen 27% in February, on track for its biggest one-month slide since at least 1968, according to data compiled by Bloomberg. “Modernizing a Cobol system once required armies of consultants spending years mapping workflows,

A new zSeries module serves as a dedicated processor for Java applications and debuts in time for the 40th anniversary of the mainframe. Michael Kanellos is editor at large at CNET News.com, where he covers hardware, research and development, start-ups and ...

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

Investing.com -- IBM (NYSE:IBM) shares rose 4% Tuesday, recovering from Monday’s sharp decline after analysts defended the company’s mainframe business against concerns raised by Anthropic’s COBOL modernization announcement.

In context: Despite being designed in 1959, the COBOL programming language is still widely used in applications deployed on mainframe computers. COBOL offers secure, reliable and transactional performance, and it is still managing around 70% of modern bank ...

IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.

IBM stock fell over 13% in a single trading session, raising its forward dividend yield to 3% right now.

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core mainframe business. This AI advancement could compress years-long, costly migration projects into months,