Tech Stocks Plummet on New AI Tool Threat

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1 • 671 Ratings

🗓️ 3 February 2026

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Anthropic’s launch of new AI capabilities dealt a blow to data service providers. Plus: PayPal stock drops after warning that future earnings would likely fall. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Find your perfect home on Realture.com.
0:02.5	The perfect home in the perfect neighborhood, in the perfect school district perfectly close to work, but perfectly far enough away to escape to.
0:09.8	With over half a million new listings every month on Realture.com, you won't miss out on your perfectly perfect home.
0:16.0	Trust the number one site Real Estate Professionals Trust.
0:18.9	Search now on Realture.com.
0:20.5	Based on average new for sale and
0:22.3	rental listings July 24th through June 2025. Number one trusted based on August 2025 proprietary survey
0:28.3	among real estate professionals. Here's your closing bell brief for Tuesday, February 3rd. I'm Catherine Sullivan for the Wall Street Journal.
0:40.5	U.S. stocks fell today as new artificial intelligence tools sparked a sell-off in technology shares.
0:46.8	The NASDAQ led the declines with a 1.4% drop, while the S&P 500 was down 0.8%, and the Dow was down 0.3%.
0:55.8	Investors worried that a new product from Anthropic could threaten the software industry.
1:01.1	Data service providers and legal publishers saw their share prices slump during the session.
1:06.0	Private fund managers with heavy software bets also experienced significant losses.
1:12.5	Among individual companies,
1:18.3	PayPal shares plummeted 20% today. The payments firm warned that its earnings will likely decline this year. Gartner stock tumbled 21% after the research company reported lower quarterly
1:25.2	earnings. Its financial guidance for the year also fell short of
1:28.6	analyst expectations. DeVita shares surged 21% following a strong quarterly performance. The kidney care
1:36.0	provider beat forecasts for both revenue and earnings per share. PepsiCo stock added 5% after
1:42.9	reporting higher quarterly profit and revenue.
1:45.7	The company plans to cut prices on snacks to help spur future sales.
1:50.4	And Palantir shares jumped nearly 7%.
1:53.2	The move followed the release of strong financial results late Monday,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.