"It's a powerful tool for coders and one that may very well drive the price of software markedly lower as the technology advances. Of course, Anthropic's enterprise focus may very well be working in its favor as it looks to have one of the most capable AI coders on the market. With Claude Cowork, which was coded in large part by Claude Code, also gaining traction as 2026 becomes the big year for agentic AI, it certainly feels like the tech landscape is shifting"
"Code Claude has taken the world by storm Undoubtedly, the shares of some of the major software stocks have taken a massive hit to the chin. They were already down prior to the rise in popularity of Cowork, but now they've had a bit of salt added to their wounds. There are sure to be major implications for SaaS (Software as a Service) as we move further into the era of AI agents."
Anthropic's Claude Code and the Claude Cowork agent are accelerating progress in AI-assisted coding, enabling more powerful, enterprise-focused software development. The tools can lower software production costs and increase developer productivity, creating pressure on existing software pricing and SaaS business models. Major software stocks have experienced selling pressure amid growing adoption of code-generating agents, though underlying weaknesses predated the new tools. Competition from OpenAI's Codex and other frontier AI firms is prompting rapid innovation, with products like OpenAI's Prism signaling broader AI-native application rollouts. Investors should anticipate further disruptive 'ChatGPT moments' as AI-native apps proliferate.
Read at 24/7 Wall St.
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