2 Reasons IBM's COBOL Fears Are Overblown
Source: Motley Fool
2026-03-26 09:07:00 ET
International Business Machines (NYSE: IBM) shares took a 13% nosedive on Feb. 23, their worst single-day drop in over 25 years. The culprit? Fears that Anthropic 's Claude Code AI would make COBOL modernization so fast and cheap that IBM's mainframe cash cow would dry up practically overnight.
For the curious, here's a simple "Hello World" program in COBOL:
[hello.cbl]
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