By Simply Wall St
Publication Date: 2026-03-04 02:29:00
- IBM (NYSE:IBM) is acquiring Confluent, a data streaming and analytics company, to deepen its AI and cloud computing offerings for enterprise clients.
- The deal is aimed at reinforcing IBM’s role in mission critical workloads across Fortune 500 customers that rely on real time data and hybrid cloud setups.
- Anthropic has launched Claude Code, a coding assistant that can work with legacy COBOL, a language central to many IBM mainframe environments.
- Claude Code introduces an external tool that can help modernize COBOL based systems, touching an area that has long been a core focus for IBM’s mainframe and consulting services.
For investors following IBM, these moves sit at the intersection of AI, data infrastructure, and long standing mainframe workloads. The Confluent acquisition directly ties into IBM’s push around AI and hybrid cloud, while Anthropic’s Claude Code highlights how third party AI tools are starting to address long running COBOL and legacy modernization needs.
Looking…
