April 14, 2026

COBOL

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What is COBOL, the high-level programming language that is behind biggest-ever fall in IBM stock value

contact@dailyupdatesindia.com011 mins

COBOL is in the headlines again, and this time it is because of artificial intelligence (AI) – sparking conversations with tools emerging that claim to translate legacy code and, with it, solve the modernization challenge. On February 23, IBM’s stock suffered its worst single-day drop in over 25 years after AI startup Anthropic claimed its…

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

contact@dailyupdatesindia.com06 mins

IBM shares suffered their worst single-day drop in over 25 years on Monday, February 23 after AI startup Anthropic announced that its Claude Code tool can automate the modernisation of COBOL—the decades-old programming language that sits at the heart of IBM’s mainframe business. The stock fell 13.2% to close at $223.35, wiping roughly $40 billion…

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