AI Tool Release Sends Legal, Data Stocks Down Up To 11% [Yahoo! Finance]
WOLTERS KLUWER S/ADR (WTKWY)
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Source: Yahoo! Finance
Tuesday, as investors reacted to the release of a new corporate productivity tool from AI startup Anthropic. Shares of legal software and publishing groups RELX ( NYSE:RELX ) and Wolters Kluwer were among the hardest hit, each falling by as much as 11%, as markets weighed how quickly AI could encroach on legal research and workflow tasks. The pressure extended beyond legal services, with Experian sliding as much as 7.2%, London Stock Exchange Group falling as much as 6%, and Thomson Reuters dropping 6.4% in US premarket trading, suggesting concerns are spreading across information-heavy business models. Warning! GuruFocus has detected 6 Warning Signs with SMCI. Is RELX fairly valued? Test your thesis with our free DCF calculator. The move reflected growing caution toward companies seen as exposed to AI-driven disruption, particularly in media, data, and enterprise software. A European AI Risk basket tracked by UBS fell as much as 4.7% to a record low, highlighting how investor p
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