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Anthropic says Claude can understand COBOL, IBM stock suffers worst fall in 25 years

Business • February 24, 2026

Anthropic says Claude can understand COBOL, IBM stock suffers worst fall in 25 years is drawing significant interest across the industry.

IBM shares saw their sharpest fall in over 25 years after AI startup Anthropic said its Claude Code tool can understand and modernise COBOL, a language deeply tied to IBM’s mainframe business. Here is everything that you need to know.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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