I'm Not Convinced Anthropic's New COBOL Coding Tool Is an Actual Threat to IBM

Most investors jumped to a conclusion on Monday that's not supported by all the facts.

IBM’s Claude Code Shock Tests Confidence In Mainframe And AI Transition

IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...
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.

Kyndryl Named a Leader in 2025-2026 IDC MarketScape Worldwide for Mainframe Modernization Infrastructure Solutions

Kyndryl (NYSE: KD), a leading provider of mission‑critical enterprise technology services, today announced it has been named ...
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 ...
Business Wire

Enterprise Mainframe Spending Expected to Increase Alongside Public Cloud Adoption, ISG Study Finds

STAMFORD, Conn.--(BUSINESS WIRE)--Companies that use mainframes in their current IT operations expect to increase their mainframe spending even as they increase their adoption of public cloud, ...

IBM stock falls after Anthropic says AI can now modernize old software

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 ...