Anthropic’s AI Tools Rattle Software Stocks, Prompt Rethink of Sector Valuations
Yahoo Finance·2026-02-05 06:57

Asked whether advances in AI agents pose a threat to legal work, Joel Simon, founder and partner of Simon Perdue, a firm practicing across Texas and New Mexico, struck a measured note.So what do the people actually doing the work think?Advertising giants Omnicom and Publicis tumbled by 11.2% and 9%, respectively. Australian cloud accounting firm Xero had its worst day since 2013, dropping 16%.Those concerns have also spread beyond legal tech."The selling pressure reflects a deepening structural debate," Sch ...