Anonymousabout 3 hours ago
A selloff that began in February 2026 after Anthropic's Claude Cowork launch has erased roughly $2 trillion in software market capitalization, driven by hedge fund short-selling and fears that AI agents will compress per-seat licensing models. While some incumbents like ServiceNow are showing signs of recovery by monetizing AI directly, smaller SaaS vendors face existential pressure as enterprise buyers cut software budgets by 30–40% and Goldman Sachs estimates AI is already displacing 16,000 U.S. jobs per month.