IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
Analytics Insight

IBM Stocks Slide 13% After Anthropic Claims Faster COBOL Modernization

IBM shares slumped on Monday, February 23, 2026, after Anthropic said its AI could speed up COBOL modernization. The stock ...

IBM stock crash: How a single blog post wiped $30 billion off IBM’s market value in one afternoon - here's what rattled investors

IBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop since 2000. The trigger was not earnings. It was an AI blog ...
Hackaday

Porting COBOL Code And The Trouble With Ditching Domain Specific Languages

Whenever the topic is raised in popular media about porting a codebase written in an ‘antiquated’ programming language like Fortran or COBOL, very few people tend to object to this notion. After all, ...
SiliconANGLE

Rocket Software aims to future-proof Cobol with AI integration and cloud-ready enhancements

Information technology modernization specialist Rocket Software Inc. is integrating generative artificial intelligence and adding support for Arm processors in its line of Cobol modernization products ...
ZDNet

If COBOL is so problematic, why does the US government still use it?

Some people think tens of millions of dead people are collecting Social Security checks. That's not true. What's really going on is people don't understand its old, underlying technology. The saga of ...
BizTech

How Financial Services Companies Can Maintain Mainframes as COBOL Experts Retire

COBOL — short for common business-oriented language — isn’t going anywhere. Released in 1960 and standardized in 1968, COBOL was developed by the Conference on Data Systems Languages to handle ...