IBM posted flat revenues in its latest quarterly results, with its mainframe sales dropping significantly this quarter. The company posted its Q2 2023 results this week, reporting a healthy profit ...

IBM (NYSE:IBM) saw its sharpest single day stock drop in over 25 years after Anthropic launched Claude Code, an AI tool aimed at automating COBOL system modernization. The news sparked broad debate ...

Investors reacted to Anthropic’s assertion that Claude Code could streamline legacy COBOL modernization, raising concerns about pressure on IBM’s high‑margin mainframe services despite longstanding ...

IBM shares rebound 5% after AI fears fade, as analysts defend its mainframe strength and downplay risks from Anthropic’s ...

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

IBM still profits from mainframes running decades-old COBOL systems. Anthropic says AI can migrate that software elsewhere. IBM stock was down 10% on Monday afternoon after Anthropic published a blog ...

IBM’s mainframe division finished a disappointing 2009 with a 27 percent fourth quarter revenue decline, but Big Blue is hoping the next generation of its mainframe computer will boost sales in 2010.

IBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop since 2000. The trigger was not earnings. It was an AI blog ...

Mainframe customers are taking a fresh look at the Big Iron that celebrated its 40th birthday last month. IBM is spurring things along with new pricing schemes; more powerful processors; support for ...

Kyndryl and Microsoft have expanded their mainframe modernization service to include closer ties with Microsoft’s Azure cloud platform and broader security offerings. IT infrastructure services ...