The recent announcement of Anthropic's new legal artificial intelligence model added fuel to the fire lit under established software business models
Sell-off has spread across global software stocks - focused on data analytics and professional services - including advertising companies seen as heavily exposed to AI
With strong fundamentals (check the tab by clicking each ticker), market responses are overdone for businesses with deep client relationships
Share prices, dropping by 20% over the past month alone, may present buying opportunities
Check momentum, the trend over 5 days against past 20 days, and select your preferred timeframe in the menu at top right
Last September 2025, my investment theme "Will AI agents replace software apps?" suggested that AI agents were evolving at a high pace, as they were becoming securely aligned, reliable and compliant
I concluded that " Esteemed systems like Salesforce
My comment was timely as the 15% drop of the S&P North American software index since October implies (against a 15% rise in S&P 500)
This selection covers British, Dutch, French, German, Japanese and Indian firms as well as U.S. SaaS firms
OTC listings of Indian IT are limited - Tata Consultancy Services, LTIMindTree and Coforge are not accessible by OTC