COBOL is a computer language used for business data processing and IBM is a leader in that area.
International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude Code tool could be used to modernize legacy systems that run COBOL.
Shares of I… [2378 chars]
Source: CNBC | Published: 2026-02-23T19:30:07Z
Credit: CNBC
