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from24/7 Wall St.
10 hours ago

IBM Takes Its Lumps in 2026: Is This a Buy the Dip Opportunity?

The most violent move came in a single session when Anthropic announced that its Claude Code tool is positioned as an ideal solution for code modernization, including COBOL legacy system work. That announcement hit IBM where it hurts most. A significant portion of IBM's consulting revenue comes from exactly that kind of work: helping large enterprises modernize aging mainframe and legacy codebases.
Business intelligence
Tech industry
fromDevOps.com
16 hours ago

A Blog Post About COBOL Just Cost IBM $30 Billion. Here's What Actually Happened. - DevOps.com

Anthropic's Claude Code announcement about COBOL modernization triggered major market selloffs, but the capability mirrors solutions IBM, OpenAI, AWS, and Microsoft have offered for years.
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