Core Viewpoint - The emergence of AI programming tools like Claude Code has led to significant declines in global software stocks, sparking discussions about whether the software industry is facing a "DeepSeek moment" [2]. However, industry leaders argue that the complexity of enterprise software means that such a drastic shift is unlikely [2]. Group 1: Market Reactions and Analysis - The recent downturn in software stocks is attributed to fears that AI will drastically improve individual work efficiency, reducing the need for software licenses tied to employee counts, which could shrink software company revenues [3]. - Despite the panic, large software companies, including IBM, are actually the primary users and beneficiaries of advanced AI tools, which enhance productivity without leading to layoffs [3][4]. - The market's fear is gradually subsiding, as financial reports from software companies do not indicate the anticipated sharp declines [4]. Group 2: Strategic Insights from IBM - IBM has integrated Anthropic's Claude model series into its software products to accelerate enterprise-level AI development, focusing on building foundational infrastructure rather than competing in application software [5]. - The future competitive advantage will belong to those who best understand customer needs and can translate them into AI-compatible formats, highlighting the complexity of enterprise applications like ERP systems [6]. - Current AI tools are more suited for individuals or small businesses, as large enterprises face challenges related to permission management and compliance [6].