BUZZ-European data, IT stocks lag as Anthropic move, AI concerns weigh
CAPSTONE FINANCIAL GROUP INC CAPP | 0.00 |
** European data analytics, software and IT services stocks extend recent declines, missing out on a broader market bounce as concerns over AI disruption linger ** Relx REL.L and Wolters Kluwer WLSNc.AS fall as much as 2.7% and 2.1%, respectively, after Anthropic stepped up its push into legal artificial intelligence tools
** Artificial intelligence company Anthropic on Tuesday released an expanded suite of features for lawyers using its Claude AI assistant
** Elsewhere among other stocks seen as exposed to AI risks, Capgemini CAPP.PA is down 1%, a day after IT services stocks were hit by OpenAI's launch of a $4 billion corporate offering, while Europe's largest software group SAP SAP.DE slips 1%
** Recent losses challenge a tentative rebound from February lows, when a new tool from Anthropic's Claude model sparked a global selloff in software and data analytics stocks
** Europe's broader STOXX 600 .STOXX index is up 0.4%, helped by a rebound in chip stocks, which are benefiting from the AI infrastructure investment boom
