On February 3, 2026, Anthropic announced a new AI-powered plugin for in-house legal teams, designed for its agentic desktop application Claude Cowork. The tool handles contract review, NDA triage, compliance processes, legal briefings, and templated responses.

Within hours, $285 billion in market value evaporated across software, financial services, and asset management stocks. Traders called it the "SaaSpocalypse."

Stock Market Crash A single AI product announcement triggered a $285 billion selloff across the software sector

Sign in to read the full article

Continue reading — 5 more minutes of in-depth content, code examples, and insights.

Sign in with Google

Free access. No credit card required.

Comments(0)

No comments yet. Be the first to share your thoughts!

Sign in to join the conversation

Share your thoughts, ask questions, and connect with other readers.

Sign in with Google