AI, IBM and Anthropic
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On the heels of IBM’s sharpest daily decline in a quarter-century, analysts cheered the resilience of the company’s mainframe business.
In this case, IBM stock meets basic quality criteria. There has only been one previous instance where it dipped significantly and recovered by 37% over the following 12 months, with a maximum recovery of 42%.
IBM shares tumbled after Anthropic blogged about how Claude Code could help businesses modernize legacy systems that use an older prgramming language.
IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.
A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic
IBM just got hit with one of its worst single-day drops in years. Shares fell over 13.2% on Feb. 23, 2026, closing at $223.35. The culprit? Anthropicannounced its Claude Code tool could automate much of the tedious,
Feb 23 (Reuters) - 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 programming language run on IBM systems.
BM (NYSE: IBM) today inaugurated its AI GovTech Innovation Center in Lucknow, reinforcing its commitment to advancing AI as core infrastructure for modern governance with tangible impact.