US EditionAnthropic’s New AI Tool Sends Shudders Through Software Stocks
Anthropic’s new plug-ins raised fears of AI replacing software and IT services, causing a global selloff where Indian IT stocks dropped up to 8%, analysts say.
- On Friday, Anthropic, a San Francisco-based AI startup, launched plug-ins for its Claude Cowork agent, deepening the selloff in global providers of data analytics, professional services and software.
- Anthropic recently launched 11 new plug-ins that automate legal, sales, marketing and data-analysis functions, letting Claude Cowork agents bypass interfaces from Salesforce and ServiceNow.
- Software stocks plunged, with ServiceNow and Salesforce falling close to 7% each as the S&P 500 fell 0.84% and the Nasdaq Composite shed 1.43%.
- Indian IT stocks crashed in opening trade on Wednesday, dragging Sensex down by over 100 points and plunging the Nifty IT index around 3%, erasing billions in market value.
- Investment bank Jefferies called it a `SaaSpocalypse`, warning AI could obsolete some SaaS models, while the Economic Survey 2025-26 urged a comprehensive evolution to sustain India's IT sector.
18 Articles
18 Articles
Why a new Anthropic AI workplace suite triggered a tech stock crash in US and India
The announcement sent shockwaves through global technology markets, crystallising a fear that has been building for months: that AI might not just assist software companies, but potentially replace them altogether.
"Claude" can now also be Jura: An expansion for the artificial intelligence of Anthropic triggers a wave of sales on the stock exchanges. Analysts speak of an apocalypse for software houses whose prices fall by up to 20 percent.
Salesforce stock slips again before the open as AI “agent” fears keep pressure on CRM
New York, February 4, 2026, 09:07 EST — Premarket Salesforce, Inc. shares dipped roughly 1.3% to $193.88 in premarket trading Wednesday, following a sharp decline the day before. Early trades saw the stock fluctuate between $193.65 and $194.50. (Public) This matters because Salesforce serves as a key indicator for corporate software spending, and the sell-off has clearly broadened beyond just that stock. Investors are reevaluating what “growth” …
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