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25th February 2026 – Software and Tech rout finally take a breather
MPC Markets’ Morning Call for 25 February 2026 covers a much‑needed rebound in battered software and tech, growing scepticism around the “Anthropic kills SaaS” narrative, and why AI advances should still fuel data‑centre and chip demand, alongside strong Fortescue numbers, WiseTech’s AI‑driven restructuring, and upcoming MPC AI/structured strategy updates.
Software and tech finally bounced, led by AMD, dragging the S&P and Nasdaq higher and offering some relief in the most beaten‑up parts of the market.
The Anthropic “SaaSpocalypse” story is increasingly being challenged, with key…
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