Last night, the U.S. stock market was truly hard to describe... There’s not much to say, breaking levels and fleeing, a pullback of 2%-5%, with a maximum of 10% fleeing [tears streaming down]

It wasn't until a wave of disappointing earnings reports, some improvements in AI models, and the AI startup Anthropic released what seemed like a harmless add-on, that investors suddenly became collectively aware of this threat. The result was the largest scale stock sell-off driven by concerns over AI replacement. Among them, the stocks of Software as a Service (SaaS) companies were hit the hardest.