SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.

US stocks got hit as oil investors skimmed profits in the tech sector and concerns rose over higher oil prices.

On Feb. 4, 2026, AMD’s AI-chip stumble rattled the Nasdaq while defensive Dow names steadied a suddenly nervous Wall Street.

The Tech-Heavy Nasdaq Has Fallen Sharply the Last Two Sessions

Melius Research's Ben Reitzes sees upside ahead for Nvidia, Broadcom and Microsoft as enthusiasm for makers of components that are in short supply winds down.

Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.

Here are some factors driving the S&P 500 and Nasdaq composite indexes lower today: Investors are reconsidering the AI trade. Anthropic’s recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance—and what industries will be disrupted as a result.

This company is proving that you can win in insurance with a better customer experience.

Software stocks entered a bear market last week. The latest bout of selling was brought on by Anthropic's unveiling of a new plugin for its Cowork agent.