LSEG Shares Rebound as Banks Dismiss AI Threat to Data Business
LSEG shares surged 7.4% after JPMorgan and Goldman Sachs analysts pushed back against market fears that AI tools WOULD disrupt the company's financial data dominance. The rally followed a selloff triggered by Anthropic's Claude Cowork launch, which sparked broad tech sector volatility.
JPMorgan's Enrico Bolzoni emphasized a fundamental misunderstanding in the market. LSEG's October partnership with Anthropic actually integrates its data into Claude's systems—a symbiotic relationship, not displacement. The data division remains Core to LSEG's business, generating over 40% of revenue since its $27 billion Refinitiv acquisition.
Goldman Sachs joined the defense, noting LSEG's entrenched position as a global financial data provider. The episode highlights how AI panic can create mispricing opportunities in established infrastructure players.
