A Blog Post About COBOL Just Cost IBM $30 Billion. Here’s What Actually Happened.

By rssfeedtelegrambot.bnaya.co.il / February 25, 2026

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A single Anthropic blog post wiped billions off IBM’s market value—but the AI-driven COBOL modernization it described has existed for years. This is a case study in how AI hype, not fundamentals, is driving market volatility.