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tech sell off

  • Anthropic’s new AI legal tool wipes billions off European data stocks

    AI

    Shares in Europe’s biggest data, publishing and legal software groups slumped after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close to 11 per cent, while Pearson dropped around four per cent. London [...]

    The London Stock Exchange's IPO prospects were back on a "level playing field," a Peel Hunt analyst has said.
  • Nvidia and Apple lead losses as trillions wiped from Nasdaq tech stocks

    Technology

    Trillions of dollars have been wiped from the Nasdaq-listed tech giants taking a nosedive amid a global stock sell off, as fears of a US recession are causing investors to run for the hills. The so-called Magnificent Seven’s combined market capitalisation has lost at least $2.3t (£1.8t), equal to a 15 per cent slide from [...]

    The so-called Magnificent Seven’s combined market capitalisation has taken a blow of at least $2.3t (£1.8t) since its July peak.

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