Ryan Vlastelica / Bloomberg:

Anthropic's Claude Cowork launch revives investor fears about disruption that weighed on SaaS stocks in 2025; Morgan Stanley's SaaS index is down 15% YTD  —  The new year was supposed to bring opportunities for beaten-down software stocks.  Instead, the group is off to its worst start in years.

Ryan Vlastelica / Bloomberg:

Anthropic's Claude Cowork launch revives investor fears about disruption that weighed on SaaS stocks in 2025; Morgan Stanley's SaaS index is down 15% YTD  —  The new year was supposed to bring opportunities for beaten-down software stocks.  Instead, the group is off to its worst start in years.