Anthropic's Claude Cowork AI tool has caused a sharp decline in stocks of Infosys, TCS, and other SaaS companies. These firms lost hundreds of billions of dollars in market value. The trigger is the rise of AI.
Anthropic's Claude Cowork tool has impacted stocks of Indian IT giants Infosys and TCS, along with other SaaS companies. A report published on February 5, 2026, states that these firms lost hundreds of billions of dollars in market value suddenly. The reason is the rapid adoption of AI technology, which is disrupting enterprise software and white-collar jobs.
Keywords suggest the tool is based on AI plugins and automation, dubbed the 'SaaS-pocalypse.' It highlights AI's role in IT services, potentially reshaping the future of SaaS. No contradictory information is present, though the full extent of the impact remains unclear.
