Daily Management Review

Software developers and data providers lose $300 billion in market capitalization due to Anthropic


02/05/2026


Shares of companies involved in application software development and data provision dropped significantly following the launch of an AI-powered tool by the startup Anthropic, as reported by The Wall Street Journal and Bloomberg, based on trading data. According to the Wall Street Journal, two S&P indices that monitor companies involved in software, financial data analysis, and stock exchange infrastructure collectively experienced a loss of approximately $300 billion in market value.



Software developers and data providers lose $300 billion in market capitalization due to Anthropic
Anthropic has launched 11 plugins for its Cowork platform, which is used by its chatbot, Claude.  These tools are built to handle various tasks including analyzing financial data, creating legal documents, assisting with customer support, conducting research, managing sales, and many other activities. 

In the midst of this situation, Thomson Reuters shares lost 15.7%.  LegalZoom.com, a company that offers legal solutions, saw its stock price drop by 19.7%, reaching $7.32.  The stock prices of software companies Adobe and Salesforce dropped by 7.3% and 6.9%, respectively.  Other companies that experienced a decline include EPAM Systems, Equifax, Intuit, and RELX. 

Stocks outside the US were also falling.  In the UK, shares of the London Stock Exchange, which operates the London Stock Exchange, dropped by 12.8% and kept declining on February 4.  In Australia, the shares of Xero, a cloud accounting platform developer, dropped by almost 16%, marking its largest decline since 2013, as reported by Bloomberg.  In India, the shares of the IT services company Tata Consultancy Services dropped by 7%.

source: bloomberg.com