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>>LSEG’s stock rose 7.4% after JPMorgan and Goldman Sachs said concerns about AI at the company were exaggerated.

LSEG’s stock rose 7.4% after JPMorgan and Goldman Sachs said concerns about AI at the company were exaggerated.

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about 2 hours ago

Market Reaction

LSEG shares surged 7.4% on Thursday after a 19% drop earlier in the week. The rebound followed comments from JPMorgan and Goldman Sachs that AI fears were exaggerated. Traders had sold off data‑related stocks when Anthropic launched Claude Cowork tools. The sell‑off was part of a broader panic affecting software and data companies.

LSEG’s Position

Both banks emphasized that AI will complement, not replace, LSEG’s financial‑data business. A 2023 partnership gave Anthropic access to LSEG’s data, showing the firm is integral to AI development. Data services account for over 40% of LSEG’s revenue after the $27 bn Refinitiv acquisition. Analysts note that only a small portion of LSEG’s workflow revenue (about 6%) is vulnerable.

Sector Outlook

The AI hype sparked a “SaaSpocalypse,” dragging down Nasdaq‑100 tech stocks and causing a $550 bn loss in two days. Companies like Microsoft, Salesforce, and Oracle saw sharp declines as investors doubt the subscription model. Goldman Sachs set a 14,550 pence price target for LSEG, citing up to 90% upside. The broader data and SaaS market remains under pressure, but LSEG appears shielded by its data moat.