Wall Street has cooled a bit after a massive sell-off wiped more than $1 trillion in Big Tech valuations. Recent AI advancements have undermined some investors' faith in established software names.

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

New tools from Anthropic tanked software stocks on Tuesday, with weakness continuing on Wednesday. Software stocks have wobbled for months, and the sector officially entered a bear market last week.

IT stocks globally have been under pressure for months, due to fears of AI affecting future business growth. The latest crash in prices comes on the back of Anthropic rolling out new legal tools for ...

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We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Lars Peterson joined Investopedia in 2023 as a senior editor of financial product ...

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