Thomson Reuters shares plummeted 8.51% during intraday trading on Thursday, as the stock continued to face pressure from broader market concerns about artificial intelligence disruption to financial data and research companies.
The sharp decline came despite the company reporting positive fourth-quarter results earlier in the day, including revenue growth and a 10% dividend increase. Market sentiment was overshadowed by fears that new AI capabilities from companies like Anthropic could threaten Thomson Reuters' core legal and financial information businesses.
Financial data and research stocks tumbled broadly after Anthropic announced new AI models that can run financial analyses and build spreadsheets, raising concerns about competitive disruption across the sector. This follows a 16% drop in Thomson Reuters stock earlier in the week after Anthropic revealed legal-automation tools that could potentially encroach on the company's contract-review and workflow-software business.
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