Following an Anthropic blog post covering the use of AI in code modernization, IBM stock collapsed more than 13%.
International Business Machines Corporation stock plunges; downgrade IBM to Hold as Anthropic's Claude Code threatens ...
IBM's market value drops $25 billion as AI threatens its lucrative COBOL modernization business, sparking a historic stock decline..
Agentic AI is a type of artificial intelligence that can autonomously plan and take actions to achieve specific goals.