No Reasons to Own: Software Stocks Sink on Fear of New AI Tool
Published on: Jan. 19, 2026, 6:55 a.m. | Source: NDTV Profit
The release of a new artificial intelligence tool from startup Anthropic on Jan. 12 rekindled fears about disruption that weighed on software makers in 2025. TurboTax owner Intuit Inc. tumbled 16% last week, its worst since 2022, while Adobe Inc. and Salesforce Inc., which makes customer relationship management software, both sank more than 11%.
