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Explained: Anthropic AI tool that wiped $285 billion off software stocks
Fears around Anthropic’s AI tool sparked a massive selloff in global software stocks over disruption concerns.
Anthropic’s new AI tool triggered a sharp global selloff in software stocks, erasing nearly $285 billion in market value in a single day.Investors feared faster automation could disrupt traditional software and outsourcing models, compress margins, and weaken pricing power. Analysts said the reaction reflects uncertainty around AI driven productivity gains, competitive shifts, and how quickly enterprises may reduce reliance on legacy software services worldwide