New York, Feb 4, 2026, 05:19 EST — Premarket update.
S&P Global Inc shares enter Wednesday down 11.3% from the previous close, following a widespread selloff in data, analytics, and software stocks. Investors are rattled by concerns that emerging generative AI tools might undercut pricing power. The stock last traded at $468.21.
This shift is significant because it targets the market’s longtime “steady growers”—firms relying on subscriptions and licenses, usually valued at premium multiples due to their steady revenue streams. The concern spilled over into different regions overnight. IG chief markets strategist Chris Beauchamp put it bluntly: Anthropic is “parking its tanks on their lawn,” as investors rethink business models vulnerable to automation. Reuters
S&P Global operates across credit ratings, indices, and market data—areas where customers rely on ongoing access to trusted information and tools instead of one-time deals. Last month, the company raised its quarterly dividend to 97 cents per share, citing the planned spin-off of its Mobility division as a key reason for the boost.
Tuesday’s sell-off was intensified by investor attention on Anthropic’s latest plug-ins for its Claude Cowork agent, which the company claims can handle tasks in legal, sales, marketing, and data analysis. “The market shoots first and asks questions later,” said Mike Archibald, a portfolio manager at AGF Investments. Schroders analyst Jonathan McMullan added that the valuation “visibility premium” could be threatened as pricing models face increased scrutiny. Reuters
S&P Global wasn’t the only one hit. According to a Financial Times report, Gartner tumbled 21%, and S&P Global dropped 11%. Intuit and Equifax also fell over 10% as investors pulled back from analytics and data-focused stocks.
The broader market was already on edge. The S&P 500 slipped 0.84% Tuesday, while the Nasdaq dropped 1.43%. Traders pulled back from some tech stocks seen as vulnerable to AI-related margin pressure, a Reuters report noted. “We’ve got an expensive market and expectations are really high,” said John Campbell, senior portfolio manager at Allspring Global Investments. Reuters
On Tuesday, S&P Global unveiled a fresh brand identity for its Mobility division, announcing that the unit will be named “Mobility Global, Inc” after its planned spin-off as an independent public company. The Mobility segment includes well-known brands like CARFAX, automotiveMastermind, Polk Automotive Solutions, and Market Scan, the company confirmed. News Release Archive
In a Mobility blog post aimed at customers, the company said “nothing changes” until the separation and expects to complete the split within 12 to 18 months of the announcement, pending approvals. These include board approval and the effectiveness of a Form 10 registration statement — an SEC filing required to register a business for a spinoff. S&P Global
There’s a growing pushback. Nvidia CEO Jensen Huang dismissed the notion that AI will make software tools obsolete as “illogical.” He insisted AI systems will continue to depend on existing tools instead of reinventing them from the ground up. Reuters
S&P Global investors face a key date on Feb. 10, when the company will release its fourth-quarter and full-year 2025 results at 7:15 a.m. ET. A conference call is set to follow at 8:30 a.m. ET. Attention will be on any updates regarding the Mobility timeline and management’s views on how AI is affecting demand, pricing, and product strategy.
