IBM Shares Crater 13% After Anthropic Says Claude Code Can Tackle COBOL Modernization
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by msmashFebruary 24, 2026
AI-Generated Deep Dive Summary
IBM shares experienced a significant drop of nearly 13% following the release of Anthropic's Claude Code tool, which leverages AI to modernize COBOL code
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Originally published on Slashdot on 2/24/2026