--- title: "Anthropic's legal AI tools severely impact software stocks, Kingdee drops 14%, Meitu falls by 10%" type: "News" locale: "en" url: "https://longbridge.com/en/news/274748698.md" description: "The new legal AI tool launched by the AI startup Anthropic has triggered a significant drop in software stocks, with Kingdee International's share price falling by 14%. This tool automates contract review and legal documentation work, increasing competition in the industry. The market value of U.S. software, financial services, and asset management stocks has evaporated by approximately $285 billion, and the iShares Technology Software ETF has declined for the sixth consecutive day. Analysts point out that this year is a watershed moment for AI winners and losers, and investors need to be cautious" datetime: "2026-02-04T03:11:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274748698.md) - [en](https://longbridge.com/en/news/274748698.md) - [zh-HK](https://longbridge.com/zh-HK/news/274748698.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274748698.md) | [繁體中文](https://longbridge.com/zh-HK/news/274748698.md) # Anthropic's legal AI tools severely impact software stocks, Kingdee drops 14%, Meitu falls by 10% AI startup Anthropic recently launched a new AI tool that can perform various administrative tasks, including tracking compliance issues and reviewing legal documents. This AI tool not only triggered a sharp decline in the stocks of software, financial services, and asset management companies in the US, but also caused Hong Kong software stocks, such as Kingdee International (268), to drop 14% this morning. Anthropic is one of a number of AI startups developing tools for the legal industry. While other startups have also launched similar AI tools, Anthropic's product is different in that it builds its own models that can be customized for industry-specific needs. According to Anthropic, its legal tools can automate tasks such as contract review and legal briefs, and its website states that "all outputs should be reviewed by a licensed attorney." ## US-related stocks evaporated $285 billion on Tuesday Morgan Stanley analyst Toni Kaplan stated that Anthropic's new features for the legal field have intensified competition. The iShares Expanded Tech-Software Sector ETF fell 4.6%, marking its sixth consecutive day of decline. According to Bloomberg, the market capitalization of stocks in the software, financial services, and asset management sectors evaporated by approximately $285 billion on Tuesday. Stocks of business development companies (BDCs) were also sold off, with Blue Owl Capital Corp. seeing its stock price drop by as much as 13%, setting a record for the ninth consecutive trading day of decline, and falling to its lowest point since 2023. Ares Management Corp., KKR & Co., and TPG all saw declines of over 10%, while Apollo Global Management Inc. and Blackstone Group fell by as much as 8%. ## Analysis: This year defines AI winners and losers In the Hong Kong stock market, several software and SaaS stocks plummeted, with Kingdee dropping 14%; Meitu (1357) fell nearly 10%; Kingsoft Cloud (3896), ChinaSoft International (354), and Weimob (2013) all dropped by half a percent. Stephen Yiu, Chief Investment Officer of Blue Whale Growth Fund, stated: "This year is defining whether companies are AI winners or victims, and the key skill will be to avoid the losers. Standing on the AI path before the dust settles is dangerous." ## Related News & Research - [Shenzhen Xunce Technology Co., Ltd. Class H (3317): New Buy Recommendation for This Technology Giant](https://longbridge.com/en/news/281611713.md) - [SpaceX Valuation at $2 Trillion: How It Surpasses Meta and Tesla?](https://longbridge.com/en/news/281611627.md) - [Tesla Is Sitting On A Record 50,000 Unsold EVs](https://longbridge.com/en/news/281618373.md) - [Intel's stock has been climbing - and this could be its next big catalyst](https://longbridge.com/en/news/281576484.md) - [PREVIEW-Samsung Elec likely to report stupendous surge in quarterly profit to record level](https://longbridge.com/en/news/281616659.md)