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Full article on Yahoo Finance
The Market Is Trading Sideways, but Tech Stocks Are Still Sliding
Market Intelligence Analysis
AI-Powered
Why This Matters
The Nasdaq Composite dropped 0.9% due to concerns over AI apps potentially replacing software firms, specifically after a legal tool from Anthropic caused shares of legal and data software firms to tumble.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Nasdaq Composite dropped 0.9%. Wall Street is suddenly very concerned that artificial intelligence apps could eventually usurp popular software firms. The latest wave of worries were in response to an AI legal tool from Anthropic that sent shares of legal and data software firms tumbling on Tuesday.
Original article published by
Yahoo Finance
on February 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.