European data, IT stocks lag as Anthropic move, AI concerns weigh

ReutersMay 13, 2026 10:01 AM

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European data analytics, software and IT services stocks extend recent declines, missing out on a broader market bounce as concerns over AI disruption linger Relx REL.L and Wolters Kluwer WLSNc.AS fall as much as 2.7% and 2.1%, respectively, after Anthropic stepped up its push into legal artificial intelligence tools

Artificial intelligence company Anthropic on Tuesday released an expanded suite of features for lawyers using its Claude AI assistant

Elsewhere among other stocks seen as exposed to AI risks, Capgemini CAPP.PA is down 1%, a day after IT services stocks were hit by OpenAI's launch of a $4 billion corporate offering, while Europe's largest software group SAP SAP.DE slips 1%

Recent losses challenge a tentative rebound from February lows, when a new tool from Anthropic's Claude model sparked a global selloff in software and data analytics stocks

Europe's broader STOXX 600 .STOXX index is up 0.4%, helped by a rebound in chip stocks, which are benefiting from the AI infrastructure investment boom

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