AI's COBOL Efficiency Prompts IBM Market Reassessment

IBM's stock experienced a significant 13 percent decline, attributed to investor reaction following Anthropic's demonstration of AI-powered COBOL refactoring capabilities. Anthropic's Claude Code tools showcased the ability to rapidly modernize applications written in the legacy COBOL language, a development IBM itself has acknowledged since 2023.

This technological advancement fundamentally alte

Sector: Electronic Labour | Confidence: 96%
Source: https://go.theregister.com/feed/www.theregister.com/2026/02/23/ibm_share_dive_anthropic_cobol/

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