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Author name: CNBC

IBM is the latest AI casualty. Shares tank 13% on Anthropic programming language threat

date Feb 24, 2026

anthropic said its Claude Code tool could be used to modernize legacy systems that run COBOL. shares of the company closed the day lower by nearly 13.2%, at $223.35 per share. the tool is the latest perceived victim of rapidly developing AI technology.

Source: cnbc.com

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