this post was submitted on 25 Feb 2026
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Anthropic's new AI tool can write 67-year-old COBOL code, sending 115-year-old IBM's stock tumbling by 13% — IBM stock has worst day in 26 years, down 25% MoM and counting (www.tomshardware.com)
submitted 1 day ago by Rekall_Incorporated@piefed.social to c/technology@piefed.social
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Ancient language is still the bread-and-butter of mainframe systems

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[–] Peereboominc@piefed.social 4 points 1 day ago

Weird that this let's the stock drop since IBM has its own AI that can convert COBOL to Java(?).

And while the drop is big, also look at the price last year. It is around the same price as it was in August 2025.