The AI stock slump in 2026 has gripped markets, with software and tech stocks facing sharp sell-offs driven by fears of generative AI disruption . As of early February 2026, Anthropic 's advancements in productivity tools, including legal automation , have intensified concerns, leading to widespread declines and erasing billions in value for software billionaires . AI Stock Slump 2026 In February 2026, U.S. software stocks have extended a steep decline, with the S&P North American software index down significantly amid AI disruption fears. A major trigger was Anthropic's release of Claude-based tools for legal, sales, and data tasks, sparking "get me out" selling in shares of firms like Thomson Reuters, Intuit, ServiceNow, Adobe, and Salesforce. The sector has seen its worst monthly drops in years, with broader tech weakness rippling through Nasdaq and S&P 500. Tech Stock Market Crash and $62 Billion Loss Tech Software billionaires have collectively ...