Explained | What is COBOL? How an Anthropic Claude blog wiped $30 billion off IBM in a single session

A blog post from Anthropic caused IBM's market value to drop over $30 billion due to concerns about COBOL. Here's everything you need to know about COBOL and the now viral blog from Anthropic ...
Yahoo Finance

Rocket Software Advances COBOL Modernization with GenAI and ARM Ready Deployment, Enabling Disruption-Free Transformation

WALTHAM, Mass., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Rocket Software, a global technology leader in modernization software, today announced groundbreaking innovations to its COBOL solutions, ...

Anthropic’s COBOL tool triggers worst single-day drop in 25 years in IBM's stock price: What it is and why it wiped billions of dollar for IBM

IBM shares plummeted after AI startup Anthropic announced its tool can automate COBOL modernization, threatening IBM's core ...
ZDNet

COBOL gets a web-friendly facelift on IBM mainframes

IBM has overhauled how the 50-year-old programming language COBOL runs on its System z mainframes to give COBOL apps a web-friendly facelift. Despite COBOL's age IBM estimates that more than 200 ...