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Anthropic’s Move Into Legal Is Sinking Data Services Stocks

February 3, 2026 at 11:09 AM UTCUpdated on February 3, 2026 at 7:12 PM UTCThe stock market buckled Tuesday as investors dumped shares of software makers after a new AI automation tool from Anthropic PBC heightened concerns that their core businesses are at risk of being displaced.The first wave of selling was in stocks associated with legal software and data services as shares of Experian Plc, London Stock Exchange Group Plc., Thomson Reuters Corp. and Legalzoom.com Inc. tumbled. Then it snowbal...

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