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Stock impact report

AI fears pummel software stocks: Is it ‘illogical' panic or a SaaS apocalypse? [CNBC]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: CNBC
Executives say fears are overblown, but analysts warn of margin and pricing pressure. Investors are reassessing which software firms can coexist with AI in the long term. In this article Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks. Anthropic's new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that many software and data providers sell as core products. The tools and other similar AI agents target functions ranging from legal and technology research, customer relationship management and analytics. That has raised concerns that AI could undercut traditional software business models. The S&P 500 Software & Services Index, which has 140 constituents, fell over 4% on Thursday, extending its losing streak t Show less Read more
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