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IBM drops most since 2000 as Anthropic touts Cobol tool
Business Mirror
|February 25, 2026
INTERNATIONAL Business Machines Corp. shares had their worst day in more than 25 years on Monday, after Alstartup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that’s run on IBM computers.
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INTERNATIONAL Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that's run on IBM computers.
The stock plunged 13 percent in its biggest single-day percentage loss since October 2000. With the decline, IBM shares have fallen 27 percent in February, on track for its biggest onemonth slide since at least 1968, according to data compiled by Bloomberg.
This story is from the February 25, 2026 edition of Business Mirror.
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