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Stock impact report

The monthslong wipeout in software stocks, in charts [Business Insider]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Have an account? Log in New tools from Anthropic tanked software stocks on Tuesday, with investors fearing more disruption from AI. Software stocks have wobbled for months, and the sector officially entered a bear market last week. These three charts illustrate the steep declines for software stocks in the last year. Anthropic's new AI tools clobbered software stocks on Tuesday , but the AI titan's Cowork update was just the latest headwind for the beleaguered corner of the tech sector. Software stocks are mired in their worst sell-off since the "Liberation Day" market crash, with the sector officially entering a bear market last week after Microsoft's earnings fueled more concern about valuations and growing AI capex. The selling gained steam on Tuesday as investors panicked about Anthropic's new AI tool , which can perform a range of clerical and administrative tasks for people working in the legal industry. Legal software stocks got crushed, but the selling spilled ove Show less Read more
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