Is it ‘illogical’ panic or a SaaS apocalypse?

Is it ‘illogical’ panic or a SaaS apocalypse?

Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images The software sector faced renewed market concerns this week after artificial intelligence company Anthropic released new AI tools, triggering a sell-off in software-as-a-service and data provider stocks.  Anthropic’s new AI tools, built for its Claude “Cowork” AI agent, are designed to handle complex professional workflows that…

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Tesla maintains competitive showing in China-made EV sales despite industry headwinds

Tesla maintains competitive showing in China-made EV sales despite industry headwinds

Tesla remained a strong contender in Beijing’s competitive electric vehicle scene, as the company’s China-produced EV sales grew modestly in January from the year before, amid a broader industry slowdown. According to data published by the China Passenger Car Association on Wednesday, January deliveries from Tesla’s Shanghai Gigafactory rose by 9% to 69,129 units, from…

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Jefferies says Alphabet’s spending plans are great for Broadcom. The analyst sees a 60% surge

Jefferies says Alphabet’s spending plans are great for Broadcom. The analyst sees a 60% surge

Jefferies said Broadcom remains well-positioned to benefit from the next wave of artificial intelligence spending. The bank maintained its buy rating on the semiconductor stock and reiterated Broadcom as a top pick. Analyst Blayne Curtis’ $500 price target implies that shares could rally 62% from Wednesday’s close of $308.05. Broadcom stock has surged 36% over…

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