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Software Selloff Giving You Déjà Vu? We’ve Been Here Before, Says Deutsche Bank, when the Dotcom Bubble Began to Burst

Anthropic's AI plugins for Claude Cowork raised investor concerns about software subscription demand, causing a 5.7% drop in a software ETF and large declines in legal and financial tech stocks.

Summary by Fortune
“Interestingly, that pattern echoes what we saw in 2000 as the dotcom bubble started to burst,” Deutsche Bank’s Henry Allen wrote. “Equities started to fall from March 2000 as tech stocks saw significant declines.”

Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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WISH-TV broke the news in Indianapolis, United States on Thursday, February 5, 2026.
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