IBM Stock Rebounds After Anthropic Claude Code Sell-Off

IBM stock is surging to new heights today. Why are IBM shares rallying?Anthropic Targets COBOL Legacy SystemsThe sell-off followed a blog post from Anthropic touting its Claude Code AI assistant as a way to modernize massive codebases written in COBOL, the decades-old programming language that still powers much of global banking and government infrastructure.Anthropic said Claude Code can map dependencies, document workflows and flag risks across sprawling legacy systems, tasks that typically require months ...