Wall Street urgently warns software stocks after Anthropic AI move

Core Insights - The artificial intelligence debate in the markets has entered a new phase, shifting from a focus on software companies to broader implications across various sectors [1] - Anthropic's introduction of new plug-ins for its Claude Cowork agent has raised concerns about business model risks rather than just incremental productivity [2] - The sell-off in European and U.S. software stocks is indicative of a broader market reaction, with fears stemming from the rapid pace of AI integration [3] Software Sector - European and U.S. software stocks are experiencing significant declines, with investors reacting to the speed of AI advancements [3] - The transition of AI agents from demonstrations to real workflows is outpacing the ability of companies to adjust their pricing models, leading to a reevaluation of previously stable stocks [4] Legal and Data Analytics - Legal and data analytics stocks have been particularly hard hit, with companies like RELX and Wolters Kluwer facing sharp declines as AI threatens their subscription-based models [5] - Thomson Reuters has seen its largest decline in years due to concerns over its Westlaw legal research business, which has been a key profit driver [6] - The market is increasingly skeptical about the viability of traditional legal tools if AI can perform similar tasks more efficiently [7] Anthropic's Impact - Anthropic's Claude Cowork is viewed as more than just a consumer feature; it is considered a significant enterprise workflow tool that could disrupt existing business models [8]