New Delhi, Feb. 24 -- International Business Machines or IBM became the latest victim of the rapidly expanding AI power of Anthropic on Monday as the artificial intelligence company shared an update. IBM stock price on Monday took a hard hit and plunged to its lowest level in nearly three decades.

IBM shares fell 13.2%, suffering their worst day since 2000, at $223.35 per share, after Anthropic shared an update regarding Claude Code - the same AI tool that has created a rout in IT stocks over the past few weeks,

In a blog post on Monday, Anthropic said its Claude Code tool can help modernise Cobol, a dated programming language that is run on IBM computers. The AI startup revealed that Claude Code could now be used to automate the explor...