Anthropic partnership alleviates AI disruption concerns, software stocks rebound

Investing.com - Software stocks showed signs of stabilization on Tuesday, with several stocks rebounding. A series of partnerships related to Anthropic’s new AI tools earlier eased market concerns about recent industry disruptions.

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Salesforce shares rose about 3.5%, after the company announced it is building plugins for Anthropic’s latest AI products. Similarly, DocuSign (NASDAQ:DOCU) increased by 3% following the announcement of its partnership, and Intuit (NASDAQ:INTU) also saw a slight rise after revealing plans to co-develop custom AI agents with the startup.

The broader iShares Expanded Tech-Software Sector ETF (NYSE:IGV) gained approximately 2%.

This rally occurred after weeks of heavy selling in software stocks due to fears that increasingly autonomous AI could threaten traditional SaaS business models. With the launch of Anthropic’s latest products, these concerns seem to be beginning to fade.

Vital Knowledge analyst Adam Crisafulli said the activity highlights collaboration rather than disruption.

“While traditional SaaS software providers will face ongoing risks from AI disruption (whether headline risk or actual risk), today’s agency activity from Anthropic emphasizes partnerships rather than replacements, discussing how Claude can work alongside existing software systems to help improve performance and functionality.”

On Tuesday, Anthropic introduced 10 new ways for enterprise clients to integrate its technology into core workflows. The San Francisco-based company said these plugins support a variety of tasks, from investment banking transaction review and wealth management portfolio analysis to HR functions like generating onboarding materials.

The company also highlighted new tools for private equity, engineering, and design teams, and said Claude can now connect with popular business software like Google Calendar and Gmail.

Supported by Alphabet’s Google and Amazon, Anthropic has been rapidly expanding its enterprise footprint in preparation for a highly anticipated IPO, although the company has stated that no final decision has been made.

Last month, Anthropic’s earlier release of legal plugins triggered a sell-off of $830 billion in software and services stocks over six trading days, as investors worried that AI-driven automation could erode parts of industry revenue.

Tuesday’s partnership-focused announcement indicates that, at least in the short term, a more collaborative path is taking shape.

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