US software stocks climb as Anthropic announcement sparks relief rally

Market Intelligence Analysis

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Why This Matters

US software stocks rebounded after Anthropic announced new tools with its partners, easing fears about AI disruption, and touched a 10-month low due to concerns about AI-induced layoffs.

Market Impact

Market impact analysis based on bullish sentiment with 85% confidence.

Sentiment
Bullish
AI Confidence
85%
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.

Shares of U.S. software companies that entered into partnerships with AI startup Anthropic on Tuesday helped lead a rebound in ‌the sector that has been hammered by fears about the disruptive impact ‌of artificial intelligence. Anthropic said it was developing new tools, the so-called "plug-ins", with its partners that could ​help with investment banking, wealth management and HR tasks, including deal reviews, portfolio analysis and making new-hire materials reflect a brand's tone and policies. The software index touched a 10-month low on Monday after Citrini Research laid ⁠out a 2028 scenario where unemployment rises to 10.2%, triggered by layoffs as AI rapidly turfs out software and delivery applications.

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Original article published by Yahoo Finance on February 24, 2026.
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