By Matt Phillips
Publication Date: 2026-02-24 15:57:00
Distressed enterprise software stocks like IBM, Salesforce, ServiceNowAnd oracle got a somewhat surprising boost from a flurry of headlines from Anthropic early Tuesday after the AI lab announced a series of headlines new plugins Allows integration with companies in various industries.
Reuters reports: “Anthropic said its new plugins were developed with partners including LSEG, FactSetSlack from Salesforce and DocuSign.”
Shares of these stocks rallied on the news. They have been battered for weeks, with each of the above companies losing between 19% and 29% of their value over the past month, even after today’s bounce, as investors looked ahead to a future of fruitless struggles for these companies before they succumbed to AI’s domination and eventual disruption.
The growing sense of fear surrounding software stocks, underscored by this week’s plunge based on nothing more than analyst fiction Riff on the dystopian future for the sector suggests that Wall…