Shares of IBM closed the day lower by nearly 13.2%, at $223.35 per share, after Anthropic on Monday said Claude Code could be used to automate the exploration and analysis work that drives most of the complexity in COBOL modernization, a key IBM business. IBM has long sold mainframe systems that are optimized for large-scale transaction processing, where COBOL has often been used. IBM’s biggest hit since Dot-Com Bubble burst of 2002. submitted by /u/Bob_Spud
Originally posted by u/Bob_Spud on r/ArtificialInteligence
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