IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOL
Published on: Feb. 24, 2026, 8:28 a.m. | Source: The Economic Times
Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a programming language run on IBM systems.
