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•February 4, 2026Anthropic AI Tools Drive Significant Selloff in Software Stocks
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Times of IndiaTech News News: A sharp selloff in global stock markets wiped out about $285 billion in market value in a single day after Anthropic launched its new AI tool called t.
Times of IndiaTech News News: Anthropic, the AI startup whose workplace tool triggered a massive sell-off in software stocks earlier this week, has launched Claude Opus 4.6—its mos.
SlashdotThe new year was supposed to bring opportunities for beaten-down software stocks. Instead, the group is off to its worst start in years. From a report: The release of a new artificial intelligence tool from startup Anthropic on Jan. 12 rekindled fears about disruption that weighed on software makers in 2025. TurboTax owner Intuit tumbled 16% last week, its worst since 2022, while Adobe and Salesforce, which makes customer relationship management software, both sank more than 11%. All told, a group of software-as-a-service stocks tracked by Morgan Stanley is down 15% so far this year, following a drop of 11% in 2025. It's the worst start to a year since 2022, according to data compiled by Bloomberg. While unproven, the tool represents just the type of capabilities that investors have been fearing, and reinforces bearish positions that are looking increasingly entrenched, according to Jordan Klein, a tech-sector specialist at Mizuho Securities. "Many buysiders see no reasons to own software no matter how cheap or beaten down the stocks get," Klein wrote in a Jan. 14 note to clients. "They assume zero catalysts for a re-rate exist right now," he said, referring to the potential for higher valuation multiples. Read more of this story at Slashdot.