Global software, data firms slide as AI disruption fears compound jitters over $600 billion capex plans

Global technology and data stocks slid again on Friday, as a rout showed no signs of abating on worries over the impact of powerful new AI models on their business and the billions hyperscalers plan to spend on their tech roll out this year.

The risks to software and data and analytics firms following the release of a new plug-in from Anthropic’s Claude has jolted world markets this week, just as some of the so-called hyperscalers unveil plans to spend over $600 billion on their various AI rollouts this year.