Ed Ludlow
๐ค SpeakerAppearances Over Time
Podcast Appearances
Bloomberg's Emily Nicole, thank you very much.
Also falling today, well, basically everything, but shares of software companies as the AI fears that have been rattling stocks across industries continue into a new week.
Let's get more with Bloomberg Equities reporter, Ryan Vesteliger.
I guess the question, you know, now that we're a couple of hours into the session is what's going on, right?
I saw BFW headline overnight about Anthropic and a new tool, seems familiar, but that was impacting trading in Europe.
Is that just carrying over to the U.S.
Well, we saw a lot of anthropic-related selling on Friday after they announced a new security tool, which sent cybersecurity stocks down pretty sharply.
And we are seeing a continuation of that trade today.
There is really broad-based weakness within software.
Basically, nothing is up today.
And it's just this sort of percolating concern about AI disruption.
What is this going to mean for growth, for profit margins, for pricing power going forward?
There is so much
just concern and fear in the market right now.
So much uncertainty.
Now, we are going to get some results later on this week that will hopefully provide a little bit of clarity, at least about how management teams are feeling about, you know, the near term in the next coming quarters.
We have Salesforce, Autodesk, Workday, Intuit, Snowflake among the companies reporting.
So those will be very close to watch out to.
But in the meantime, people are just sort of, you know,