IBM has experienced a significant decline in its stock value, plummeting over 13% and marking its steepest daily drop since 2000. The downturn follows the release of a new AI tool by Anthropic aimed at modernizing COBOL, a programming language associated with legacy systems. This development has sparked widespread concerns among investors, leading to the worst monthly performance for IBM in 34 years. Analysts are attributing the selloff not only to the AI threat posed by Anthropic but also to broader market fears regarding technological disruption. Despite this, some analysts have maintained a buy rating on IBM, insisting that the crash does not warrant panic.