US EditionInvestors look for signs of bottom in software rout after Anthropic announcement
Anthropic's new AI enterprise plug-ins eased fears of AI displacing software firms, lifting the S&P 500 software index by 1.4% and partner stocks up to 11%, analysts said.
- On Tuesday, software stocks rebounded after Anthropic's enterprise agents event, easing investor fears amid U.S. markets trading activity.
- A week-long selloff earlier this month erased about $1 trillion in market value, analysts said, driven by AI disruption fears flagged by Citrini Research's 2028 unemployment scenario.
- The update: Anthropic said Claude Cowork now integrates with Slack, Intuit, Docusign, LegalZoom, and Gmail, with partners like Thomson Reuters, Salesforce, and FactSet seeing share surges.
- The S&P 500 software & services index rose 1.4% and the iShares Expanded Tech-Software Sector ETF jumped 2.4%, while many individual names including CrowdStrike and Okta climbed about 1% on Tuesday.
- Nvidia's earnings due after market close on Wednesday will draw investor scrutiny as the software sector has plunged 23.5% this year amid AI fears and trade-policy shifts.
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Deutsche Bank makes the case for why Anthropic won't kill software stocks
Anthropic CEO Dario AmodeiMichael M. Santiago/Getty ImagesDeutsche Bank analysts say Anthropic won't be the end of software. They maintain that software stocks can survive the AI boom and even benefit from it.In their view, Anthropic's AI platform will not be able to replace entire systems.Deutsche Bank isn't concerned about what's become one of the most feared names on Wall Street: Claude. Anthropic is the market's newest boogeyman, as its upda…
Anthropic partners’ shares up as AI tools target banking and HR
Artificial intelligence lab Anthropic yesterday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive sell-off in traditional software company shares.
US software stocks climb as Anthropic announcement sparks relief rally
Shares of U.S. software companies that entered into partnerships with AI startup Anthropic on Tuesday helped lead a rebound in the sector that has been hammered by fears about the disruptive impact of artificial intelligence.
US software stocks surge as Anthropic announces plug-ins to aid investment banking, wealth management and HR tasks
Shares of US software firms partnered with AI startup Anthropic surged, leading a sector rebound, following fears over AI's disruptive impact. Details are here.
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