By Simply Wall St
Publication Date: 2026-03-01 01:27:00
- Anthropic has launched Claude Code, an AI tool that can automate the modernization of COBOL systems, a service historically associated with International Business Machines.
- The launch has sharpened investor focus on AI disruption risks for NYSE:IBM, particularly across its legacy mainframe, consulting and software lines tied to COBOL and large enterprise workloads.
- Market debate is intensifying around how rapidly generative AI could change demand for IBM’s core services and reshape perceptions of the company’s long standing business mix.
For investors watching NYSE:IBM at a share price of $240.21, the Claude Code launch comes at a time when the stock has seen mixed performance, with a 1 year return of 2.5%, a 7 day decline of 6.6% and a 30 day decline of 18.3%. Over longer horizons, returns of 105.4% over 3 years and 149.9% over 5 years show how much value has historically been tied to IBM’s mainframe and consulting franchise.
The core question now is how AI tools that automate…