yeah..nah
"Gartner’s opinion will go down very well at IBM, which saw its stock price slide sharply after Anthropic touted the COBOL-conversion powers of its Claude Code tool, sparking yet another round of speculation that the mainframe might be on its last legs."
These AI knee jerk reactions in the stock market to any AI "new shiny" are crazy.
And in this case, any techie in the industry knows that if these mainframe applications could have been moved they would have already and we have discussed this in other articles: Cobol conversions are the easy bit and are a small part of the pie. It's all the MF stuff around the cobol code that is the sticking point plus what other platform provides the same uptime?. The cloud sure doesn't. The only logical choice would be IBM P-Series running AIX if you wanted to get close to mainframe uptime.
And yet the great unwashed want to "believe" there is a there there... but there isn't.
Like all those ERP migrations that go south, never to be finished (with significant budget overruns), that would be the project profile for any company using AI to get them off the mainframe. There are so many dark arts/nooks and crannies in a mainframe application stack that AI won't have any training data to resolve these.
In my past (as a 15 year ex-IBM'er), I have done lots of migration assessments for MF customers and in the end the risks were always too high (irrespective of the cost) and I have been called into numerous non-IBM staffed conversion projects that had gone south... and that's where they stayed.
Bluck