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IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool
Bloomberg
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Published about 5 hours ago

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

Bloomberg · Feb 23, 2026 · Collected from RSS

Summary

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that’s run on IBM computers.

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