Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting - Diina New York - Your Intuitive Insights to New York's Local Pulse

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Author name: Tom's Hardware

Anthropic’s new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM’s stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting

date Feb 25, 2026

anthropic has announced Claude AI-specific functionality for its bot. investors responded with a resounding 13% drop in stock prices. the company seems to know its target target.

Source: tomshardware.com

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