Stocks tied to data and legal work are falling today after a new AI tool built to handle routine legal tasks from startup Anthropic entered the market. The launch added fresh concern that AI could replace parts of research and legal work, and as a result, investors moved quickly to sell shares across several data-focused companies.
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RELX Plc (RELX) leads the decline, with the stock falling as much as 14% in pre-market trading. This firm sells software used by in-house legal teams, and the drop followed the release of an AI tool built to handle routine legal tasks. Anthropic said the product can automate contract review, document sorting, and basic legal responses, although the company emphasized the limits of its use. “AI-generated analysis should be reviewed by licensed attorneys before being relied upon for legal decisions,” the firm stated.
Broader Pressure Across Information Stocks
Meanwhile, at the time of writing, the selling spread to other parts of the information and data sector. Experian Plc (GB:EXPN) slid as much as 9% in LSE, while London Stock Exchange Group Plc (GB:LSEG) fell as much as 9%. Thomson Reuters Corp. (TRI) also dropped nearly 9% in U.S. premarket trading.
At the same time, a UBS Group AG (UBS) internal basket tracking European stocks seen at risk from AI fell 4.7% to a record low. The basket includes firms tied to media, data, and research services, showing how wide the concern has become.
We used TipRanks’ Comparison Tool to assemble all the stocks mentioned in the piece. It’s a great way to gain an in-depth view of each stock and of the data-and legal-information-based analytics sector as a whole.
