席卷全球股票市场的"软件股末日"(Software-mageddon)这一悲观叙事论调，仍然处于滚雪球般发酵态势。有着"OpenAI劲敌"称 号的Anthropic重磅推出的一系列AI工具/代理式AI智能体协作平台，引发全球股市SaaS订阅软件板块以及股票市场广义上的软 件板块广泛抛售大浪潮，周四美股交易时段以及周五亚盘时段这股抛售继续席卷软件领域，标普500指数盘中一度跌破100日移 动均线，该指数11个主要板块中有9个下跌，跟踪标普500软件与服务类公司的ETF价值更是大跌5%。 美股市场软件板块在本周三可谓遭遇2022年以来最严重的抛售，软件股的这种暴跌力度甚至超过了去年1月DeepSeek横空出世 之后的科技股抛售潮。标普500软件与服务指数自10月底的近期高点以来已下跌约30%，并且在周四迈向连续八个交易日下跌 ——作为对比，同期标普500指数整体没有太大变化。 了解到，从近日全球大型软件股资金流走势来看，一部分机构类资金开始入场抄底式"逢低布局"这些近期经历暴跌甚至股价几 乎腰斩的软件股，并且他们赞同黄仁勋对于软件股的积极看法——即市场错杀了那些聚焦"AI+核心操作流程"且基本面强劲的 软件巨头， ...

席卷全球股票市场的"软件股末日"(Software-mageddon)这一悲观叙事论调，仍然处于滚雪球般发酵态势。有着"OpenAI劲敌"称 号的Anthropic重磅推出的一系列AI工具/代理式AI智能体协作平台，引发全球股市SaaS订阅软件板块以及股票市场广义上的软 件板块广泛抛售大浪潮，周四美股交易时段以及周五亚盘时段这股抛售继续席卷软件领域，标普500指数盘中一度跌破100日移 动均线，该指数11个主要板块中有9个下跌，跟踪标普500软件与服务类公司的ETF价值更是大跌5%。 美股市场软件板块在本周三可谓遭遇2022年以来最严重的抛售，软件股的这种暴跌力度甚至超过了去年1月DeepSeek横空出世 之后的科技股抛售潮。标普500软件与服务指数自10月底的近期高点以来已下跌约30%，并且在周四迈向连续八个交易日下跌 ——作为对比，同期标普500指数整体没有太大变化。 智通财经APP了解到，从近日全球大型软件股资金流走势来看，一部分机构类资金开始入场抄底式"逢低布局"这些近期经历暴 跌甚至股价几乎腰斩的软件股，并且他们赞同黄仁勋对于软件股的积极看法——即市场错杀了那些聚焦"AI+核心操作流程"且 基本面强 ...

NEW YORK, Feb. 05, 2026 (GLOBE NEWSWIRE) -- N4XT Experiences announced today a multi-season partnership with SAP to advance the digital, retail, and experiential infrastructure supporting New York Fashion Week and N4XT’s newly launched NYFW Collections. As the global fashion industry continues to explore how to integrate technology and AI-enabled innovation in ways that deliver real value to designers, N4XT Experiences is taking a tangible step in delivering that next chapter. This February and for the upco ...

MONTRÉAL, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) reported today its financial results for the third quarter of fiscal 2026, which ended on December 31, 2025. All amounts in this news release are in millions of Canadian dollars (CDN), except per share amounts, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS). “Our third‑quarter results underscore the momentum building across our global platform,” said C ...

Anthropic上周悄然发布了其Cowork功能的一个插件，称该工具可以"加快内部法务团队的合同审查、 保密协议分类和合规工作流程"。这一消息成为周二专业软件股全线抛售的导火索。Jefferies分析师将 其称为"SaaS末日"，市场担心专业软件公司容易受到一站式AI工具的冲击，即便这些公司不会被淘 汰，其利润率也将遭受重创。 Dave认为，这两种假设都为时过早。通用AI确实变得更强大，但更好的AI并不自动意味着对专业软件 的需求减少。 Anthropic的AI能够浏览法律文件，但这并未解决专门为该任务构建的工具所具备的风 险管理、工作流程、问责制和集成功能。当出现问题时，企业期望有专门的支持团队随时修复。 更关键的是，Anthropic试图取代专业软件公司完全是搬起石头砸自己的脚，将这些公司转化为客户 才是更快且更持久的盈利路径。 在本轮抛售中遭受重创的英国Relx和爱尔兰Experian，以及SAP、 ServiceNow和Synopsys等公司，都是Anthropic的潜在客户而非竞争对手。 历史总在重演 彭博专栏作家Dave Lee表示，市场的担心就像因为有人发明了新相机就解雇斯皮尔伯格一样荒谬。 ...

The recent sell-off in software stocks driven by concerns that generative artificial intelligence will erode profits may have gone too far, with SAP emerging as one of the most unfairly punished names... ...

此前全球同行股价已遭重挫，欧洲数据分析、专业服务及软件板块周三进一步下跌。原因在于， Anthropic 推出的新型法律人工智能模型，再次为那些商业模式被视为最易受 AI 颠覆冲击的企业敲响警 钟。 周三欧洲早盘交易中，为法律行业提供分析服务的英国 RELX 与荷兰沃尔特斯・克卢弗（Wolters Kluwer）均创出新低，各自下跌近 3%。 来源：环球市场播报 全球软件股的深度抛售已进入第二个交易日，市场对人工智能技术进步如何冲击这些企业的生存空间愈 发担忧。 抛售潮的导火索：Anthropic 成引爆点 周二抛售潮的触发因素之一，是 Anthropic 为其 Claude 生成式 AI 聊天机器人推出法律插件。 被视为欧洲媒体领域受 AI 冲击最严重的广告行业，同样持续承压。法国阳狮集团（Publicis）股价下跌 近 5%，英国 WPP 集团跌 3.3%。 欧洲最大软件企业 SAP 股价下跌超 3%，一周前，其疲软的云业务营收预测令公司市值蒸发约 400 亿美 元。 伦敦证券交易所集团股价再跌 6%，延续周二近 13% 的暴跌走势。 印度 IT 出口企业同样大幅下挫；日本软件与系统开发商 NEC、野村综 ...

Group 1 - A significant selloff in global software stocks has continued, driven by concerns over the impact of artificial intelligence on these companies' business models [1][2] - European data analytics, professional services, and software stocks have experienced declines, particularly affecting companies like RELX and Wolters Kluwer, which fell nearly 3% [2][3] - The London Stock Exchange Group's shares dropped by 6%, following a nearly 13% decline the previous day, while Indian IT exporters and Japanese software firms also saw sharp declines [3] Group 2 - The selloff is occurring amid fears of a potential tech bubble, with analysts expressing concerns about long-term growth assumptions that extend beyond typical forecast horizons [4] - Investor sentiment remains low, with software companies facing multiple risks, including competition from AI-native firms and clients developing in-house solutions [5] - The launch of Anthropic's legal AI model has been identified as a trigger for the recent selloff, impacting advertising companies and leading to declines in major firms like SAP [6] Group 3 - Despite strong gains in chipmakers and AI hyperscalers, warnings from regulators about the risks of a tech bubble have emerged as AI enthusiasm spreads [7] - The current phase of innovation is expected to lead to significant disruption for software and IT services companies [8]

Core Viewpoint - The European software sector is experiencing a sell-off due to fears of disruption from AI technologies, particularly following an announcement from AI startup Anthropic about new tools that could automate tasks in legal and data analysis fields [1][4]. Group 1: Market Reaction - The software sector in Europe and the U.S. is facing declines, with companies like Salesforce, Adobe, and ServiceNow showing lower pre-market performance, although not as drastic as previous days [2]. - The market is assessing the implications of Anthropic's announcement on customer services and various research sectors, leading to a broad sell-off across companies perceived to be vulnerable to AI disruption [4]. Group 2: AI Disruption Concerns - Anthropic's new tools are designed to automate legal drafting and research tasks, raising concerns about the potential impact on jobs and industries reliant on these services [3][5]. - The International Monetary Fund (IMF) has previously warned about significant job market disruptions due to AI, contributing to market apprehension [5]. Group 3: Industry Implications - The potential for AI to replace existing tools raises questions about the future of industries and the business models of companies that rely on traditional software solutions [6][9]. - The discussion highlights a "vicious doom loop" where the destruction of certain industries could lead to reduced revenue for AI providers like OpenAI and Nvidia, as these companies depend on software firms as major customers [10][11]. Group 4: Future Considerations - The software industry has been proactive in addressing potential AI disruptions, with leaders emphasizing the necessity of integrating technology into workflows to maintain effectiveness [14]. - There is speculation about the future role of proprietary systems and whether the current lock-in models will remain viable in the face of emerging technologies like quantum computing [15].

面对该情况，市场分析指出，软件龙头仍有深厚护城河。汤森路透拥有AI难以企及的Westlaw法律数据库，法律行业牌照壁垒也限制AI直接应用，Unity等游 戏龙头已嵌入AI能力，市场担忧被夸大。 消息面上，当地时间2月3日，Anthropic推出法律类AI自动化工具，直接冲击传统法律软件企业，美股汤森路透当日大跌15.67%。除了法律行业，AI对软件 生态的冲击已蔓延多领域，欧洲SAP股价近半年累跌近40%，谷歌DeepMind新工具导致游戏股Unity暴跌超20%。标普500软件成分股营收超预期比例仅 71%，显著低于科技行业85%的整体水平。 今日（2.4），港股科技再度飘绿，软件ETF汇添富(159590)收跌1.39%，全天成交额超5800万元。资金已连续第5日净流入，累计"吸金"超3600万元！ | | | | H30202.CSI 930601.CSI 399264.SZ 932094.CSI 980034.CNI | | | | --- | --- | --- | --- | --- | --- | | | 软件指数 = | 中证软件 | 创业软件 | 软件开发 | 工业软件 | | AI应用含量 ...