Investors look for signs of bottom in software rout after Anthropic announcement

Investors were looking anew for signs of a bottom in beleaguered shares of ​software companies on Tuesday after an announcement that artificial intelligence startup Anthropic was partnering with an array of companies.

Software stocks have been pummeled in recent weeks, driven by fears their business models would be upended by AI tools, including those from Anthropic. On Tuesday, Anthropic said it was developing new tools, the so-called “plug-ins”, ‌with its partners that ⁠could help ⁠with investment banking, wealth management and HR tasks.