IBM shares plunged over 13% after AI startup Anthropic announced a tool to modernize COBOL, a key IBM programming language.
Shares of International Business Machines (IBM), popularly known as “Big Blue”, plunged 13% on Monday, marking the company’s ...
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Infosys, Wipro, other IT stocks in focus as Anthropic delivers new shock; ADRs tumble up to 5%
Indian IT stocks including Infosys and Wipro may face selling pressure after Anthropic said its Claude Code tool can ...
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Dow, S&P 500, Nasdaq futures stabilize after AI jitters strike again: Why IBM, NVDA, HIMS, VIR, KTOS are trending after-hours
Traders are now looking ahead to a key Anthropic event on Tuesday, where new product announcements and demonstrations of Claude’s latest features are expected.
COBOL is a programming language widely used on IBM mainframes across banking, insurance and government systems.
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