By Keith Noonan
Publication Date: 2026-02-24 20:13:00
Are AI tools from Anthropic and other players on the verge of disrupting IBM’s growth story?
IBM (IBM +2.71%) stock got hit hard in Monday’s trading as fears that artificial-intelligence (AI) technologies could disrupt the company’s common business-oriented language (COBOL) tech stack. The company’s share price fell more than 13% in the daily session, wiping roughly $31 billion off the legacy tech giant’s market capitalization.
After yesterday’s big sell-off, the stock is seeing a modest recovery. Shares were up 2.7% as of 3 p.m. ET. IBM stock is now down roughly 22% across this year’s trading.
Image source: Getty Images.
Investors are worried Anthropic and other AI leaders could disrupt IBM
In a blog post yesterday, Anthropic said that AI tools could help modernize systems based on COBOL code. Anthropic is the company behind Claude, one of the leading AI tech platforms, and said in its post that the system’s coding tools could be used to automate the experimentation, analysis,…
