Early in the Covid-19 pandemic, the governor of New Jersey made an unusual admission: He’d run out of COBOL developers. The state’s unemployment insurance systems were written in the 60-year-old ...

Well, let's get started, guys. Thank you very much for joining us. Welcome to day 2 of the flagship TMT Conference. My name is Erik Woodring. I lead the U.S. IT hardware coverage here. I am delighted ...

Anthropic’s AI-powered computing-coding agent Claude appears easily capable of competing with one of IBM’s core businesses. Worries of this threat sent IBM stock careening on Monday. A deeper dive ...

The market's knee-jerk reaction makes enough superficial sense. Anthropic's AI-powered computer-coding platform Claude can easily help modernize complicated programs written in COBOL (Common ...

As February ends, most stocks have gone nowhere. March tends to be better, closing higher 64 percent of the time. We can hope things improve, but hope is never a good investment strategy. The carnage ...

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IBM (IBM) shares sold off on Monday on the basis that Anthropic's (ANTHRO) Claude Code product can translate COBOL, prompting concern about the tech giant's legacy business. However, investment firm ...

IBM shares rose after steep losses linked to AI disruption fears. Analysts said mainframes remain sticky despite modernization tools. Brokerages reiterated Buy ratings and high price targets. IBM ...

IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL Shares of International Business Machines recorded their steepest daily drop in more ‌than 25 years on Monday, ...

IBM shares post biggest drop in 20+ years after Anthropic AI update. Investors fear AI tools could erode the value of IBM’s COBOL-based business. Analysts argue the reaction overlooks IBM’s own AI ...