What’s News in Markets: Gartner Woes, Super Micro Surge, Coinbase Volatility

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Speaker 10:29

Hey, listeners, Your Money Briefing is on a break, but it will be back with more personal finance information for you in the future. Until then, here's the news moving markets this week.

Jack Pitcher· Host0:40

[upbeat music] Hey, listeners, it's Saturday, February 7th. I'm Jack Pitcher for The Wall Street Journal, and this is What's News in Markets?, our look at the biggest stock moves of the week and the news that drove them. Let's get to it. February opened with fireworks, with markets posting one of their most volatile weeks of the last year. The driver? Rapid advancements in AI are making investors question some long-held assumptions. Software developers, data and research companies, and IT services providers all got clobbered this week on concerns that AI is a threat to their businesses. The sell-off was most pronounced on Tuesday, when Wall Street analysts zoomed in on new features from Anthropic's AI model, Claude. Its ability to assist with legal research and review prompted investors to dump shares of companies that focus