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Stock impact report

AI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? [MSNBC.com]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: MSNBC.com
In this article-CAThe Anthropic logo is displayed on a mobile phone with a visual digital background.Nurphoto | Nurphoto | Getty ImagesThe software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new tools, triggering a sell-off in software-as-a-service and data provider stocks.Anthropic's new tools, built for its Claude "Cowork" agent, are designed to handle complex professional workflows that many software and data providers sell as core products.The tools and other similar agents target functions ranging from legal and technology research, customer relationship management and analytics. That has raised concerns that 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 to eight sessions. The index is down about 20% so far this year.Shares ofThomson ReutersSalesforceLegalZoomTata Consultancy ServicesInfos Show less Read more
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