IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...

IBM's Anthropic-induced sell-off overlooks the fact it's disrupting itself: Jefferies

IBM stock plunged on Claude Code COBOL fears, but Jefferies says IBM’s watsonx is already modernizing mainframes with GenAI—read more now.
CIO Dive

IBM enjoys a mainframe sales boost as its software segment soars

While software was IBM’s prime growth engine, the company’s infrastructure division also shifted into gear last year with the April launch of the z17 mainframe. The AI-capable units helped boost ...