Anthropic’s New AI Design Tool Triggers Stock Sell-Off in Figma, Adobe & Wix
Figma fell after news Anthropic will launch AI tool to build websites and presentations. Adobe, Wix, GoDaddy also dropped.
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Michael Burry: "Anthropic is Eating Palantir's Lunch"
Michael Burry warns: Anthropic’s easy, cheap AI is outpacing Palantir, which may lose private business despite gov’t contracts.
Software Stocks Plunge as Amazon’s New AI Agent Sparks Disruption Fears
Software stocks (IGV) dropped 4.3% after Amazon revealed it’s building AI agents to automate sales, cybersecurity and networking jobs.
Adobe CEO Shantanu Narayen to Step Down After 18 Years Following Record Q1 Results
Adobe smashed Q1 2026 records with $6.4B revenue and AI growth tripling, plus strong Q2 guidance. But CEO Shantanu Narayen is transitioning out, and shares fell 6% on AI competition fears.
Software Stocks Slump Again: AI Fears and Weak Outlooks Hit Hard
Software stocks are falling sharply after disappointing earnings and guidance from companies like Dassault Systèmes and Unity Software, raising worries about AI disrupting traditional business models.
Jefferies Shifts Software Strategy for 2026: IBM Upgraded, Adobe Downgraded
Jefferies updated its 2026 software outlook, upgrading IBM to Buy and downgrading Adobe to Hold as it favors infrastructure over applications amid slower growth and gradual AI monetization.