International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
COBOL is a computer language used for business data processing and IBM is a leader in that area.
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 ...
IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an older prgramming language.
With more tariff chaos from US President Donald Trump unsettling stocks globally, the ASX 200 was mostly flat on Tuesday. Look back on our blog from our ABC News business reporters.