Global Markets Face Volatility as AI Spending and Fed Changes Spark Selloff
Software stocks lost one trillion dollars this week as AI fears grew while precious metals tumbled. Investors now weigh tech costs against shifting Fed policy.
Insights:
Anthropic announced a new artificial intelligence tool today, February 6, 2026, which is designed to automate significant amounts of legal work and is expected to eventually handle sales, marketing, and data analysis services. The announcement, made by the firm led by Dario Amodei dario amodei, has prompted investors to immediately re-evaluate the market value of software businesses. This development coincided with a sharp market rout that is currently on track to erase roughly $1 trillion of market capitalization from the S&P 500 software and services index.
