IBM's $40B stock wipeout is built on a misconception: Translating COBOL isn't the same as modernizing it

Investors wiped $40 billion from IBM's market cap after Anthropic released COBOL translation tools. Analysts say the market ...
The Financial Express

Explainer: How Claude Code threatens to disrupt IBM’s mainframe biz

On3, 2026, Anthropic unveiled Claude Code, an AI tool capable of modernizing decades-old COBOL systems in months rather than years.
SiliconANGLE

IBM updates tools to move next-gen AI development onto the mainframe

IBM Corp. said today it’s building on the recent launch of generative artificial intelligence coding capabilities for mainframe developers by launching a suite of new offerings that will make it ...
CNET

IBM dedicates module to Java on mainframes

A new zSeries module serves as a dedicated processor for Java applications and debuts in time for the 40th anniversary of the mainframe. Michael Kanellos is editor at large at CNET News.com, where he ...
ZDNet

IBM mainframes still chugging after all these years

The S/360, the computer that spawned IBM's mainframe line, turns 40 on Wednesday--but it's not wallowing in a midlife crisis. Although some pundits regularly declare the death of the mainframe, the ...
Nasdaq

IBM's AI Mainframe Will Boost Revenue This Year

While International Business Machines (NYSE: IBM) generates most of its revenue from software and consulting services, the company's hardware business is still an important piece of the puzzle. IBM's ...
CNET

Rivals say IBM stifles competition to mainframes

IBM has dominated the mainframe computer business since the category was created four decades ago. And it still gets about one-quarter of its $100 billion in annual revenue from sales, software, ...
ZDNet

IBM dedicates module to Java on mainframes

IBM has created a module to handle Java for its mainframe computers and has come out with a budget system for midsize companies to celebrate the 40th anniversary of the mainframe. The zSeries ...