IBM Shares Crater 13% After Anthropic Says Claude Code Can Tackle COBOL Modernization

Slashdot
By msmashFeb 23, 2026, 4:10 pm254 pts
IBM shares plunged nearly 13% on Monday after Anthropic published a blog post arguing that its Claude Code tool could automate much of the complex analysis work involved in modernizing COBOL, the decades-old programming language that still underpins an estimated 95% of ATM transactions in the United States and…

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