European Markets: Panic and Software Sell-Off Due to AI

On February 3, 2026, European exchanges recorded a sharp drop in software company shares. Investors are mass exiting assets whose business models rely on selling professional data and tools now successfully replaced by AI agents.

Analysts call this the "moment of truth" for Europe's legacy IT sector. The market no longer believes in companies that merely digitize processes; money is flowing to those who automate these processes completely. This is a structural capital shift.

Source: Reuters / FT