**MARKET BRIEF: The 'SaaSpocalypse' — AI Turns from Feature to Foe** **Global software markets are reeling** after Anthropic’s release of **Claude Cowork** and its new specialized plugins triggered a massive selloff. Investors have abruptly shifted their stance on Artificial Intelligence: once viewed as a productivity booster for software firms, it is now being priced as an existential threat. **The Trigger Event** Anthropic launched **Claude Cowork** alongside **11 open-source plugins** targeting specific professional workflows—most notably a "legal" plugin capable of automating contract review, NDA triage, and compliance checks. This move demonstrated that AI agents can now bypass traditional software interfaces entirely, effectively turning the "platform" into the "competitor." **Market Carnage by the Numbers** The reaction was immediate and severe, wiping out approximately **$285 billion** in market value in a single trading session. * **Legal & Data Tech:** Hardest hit. **Thomson Reuters** crashed **~18%**, while **RELX** (LexisNexis) dropped **14%**. **LegalZoom** plummeted nearly **20%**. * **SaaS Giants:** The contagion spread to broader software. **Salesforce (CRM)** fell **7%**, and **Adobe** faced renewed selling pressure. * **Indian IT Impact:** The Nifty IT index plunged **over 7%**—its worst day in years. **Infosys** slid **9%**, while **TCS** and **LTIMindtree** lost **~7-8%**. **The New Sentiment: "Feature vs. Foe"** Analysts at Jefferies and other firms have dubbed this the **"SaaSpocalypse."** The core fear is that AI agents will not just automate tasks *within* software (requiring a seat license) but will *perform* the work independently, reducing the need for expensive per-seat subscriptions. **Sector Rotation** Capital is aggressively rotating out of the "application layer" (SaaS) and into "infrastructure" (semiconductors/hardware) or defensive assets. The market is currently pricing in a scenario where AI commoditizes the workflow layer, forcing software incumbents to drastically prove their defensibility. ... [SaaSpocalypse Hits Tech Stocks - Market Analysis](https://www.youtube.com/watch?v=daaQ4B6-35w) ... This video provides a timely breakdown of the "SaaSpocalypse" selloff, analyzing the specific impact on tech stocks and the broader market rotation away from software companies. http://googleusercontent.com/youtube_content/0