New AI tools from Anthropic sparked a broad sell-off in software and data stocks. Executives say fears are overblown, but analysts warn of margin and pricing pressure.
Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall Street.
Between November 5, 2025, and February 3, 2026, Intuit (INTU)'s stock decreased by 34% despite moderate increases in its revenue and margins. The pullback comes amid broader investor skepticism toward software names exposed to small and mid-sized businesses, as well as heightened sensitivity to valuation risk following a multi-year period of premium multiples.
Anthropic released plugins for its Claude Cowork AI agent the company claims can automate dozens of tasks, including plugins for customer service, product management, marketing, legal and data analysis, among others. Anthropic said the tools can generate financial statements, research sales prospects, prep for sales calls, draft customer support responses and assess non-disclosure agreements, a...
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today released a new report, The Art of the Opt-In: Why List Building is Only the Beginning. Developed by Intuit Mailchimp and Ascend2, this report includes findings from thousands of marketers and consumers across the ...
Software giant Intuit should be just fine in this era of artificial intelligence. Payments provider Visa continues to grow as the world leaves cash behind.
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