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Announced IBM's comprehensive expansion of enterprise AI capabilities including watsonx orchestration, Confluent integration, and Concert platform at Think 2026.
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Feb 2026 — Jul 2026
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IBM Stock Dives After Anthropic Points Out AI Can Rewrite COBOL Fast
The RegisternewscautiousFeb 24, 2026
Anthropic's blog post highlighting Claude's ability to accelerate COBOL refactoring triggered a 13% drop in IBM stock, though IBM has offered similar AI-powered tools since 2023.
“IBM CEO attributed recent mainframe revenue growth to AI code conversion tools and emphasized mainframes' low operating costs.”
AI InfrastructureAI ProductsLegacy System ModernizationGenerative AI
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The mainframe orders that never arrived
TechCrunchnegativeJul 24, 2026
“Warned investors ahead of time that earnings were worse than expected and explained mainframe business decline as customers chose other hardware due to AI-driven price increases.”
IBM CEO warns clients shifting spending toward AI hardware
CNBCnegativeJul 15, 2026
“CEO of IBM blamed revenue shortfall on clients shifting capex spending toward AI hardware purchases like servers, storage and memory rather than software.”
IBM used its Think 2026 keynote to reposition watsonx as a multi-agent control plane
newsroom.ibm.compositiveMay 7, 2026
“Announced IBM's comprehensive expansion of enterprise AI capabilities including watsonx orchestration, Confluent integration, and Concert platform at Think 2026.”