Thomson Reuters Corp (NASDAQ: TRI) saw a 12% increase in shares after announcing that 1 million law professionals use its AI legal solution, CoCounsel. The stock fell 49% over the past year due to AI concerns affecting software stocks, but is now on the rise with the success of CoCounsel.

CoCounsel, Thomson Reuters’ AI legal assistant, is gaining traction among legal professionals. The tool offers in-depth legal research, litigation acceleration, and integration with programs like Westlaw and Microsoft 365. With data protection a top priority, CEO Steve Hasker emphasizes the importance of choosing trusted AI solutions in the industry.

Thomson Reuters shares initially dropped after Anthropic unveiled new AI tools for legal professionals. Despite this setback, the company remains resilient as it adapts to changing times. With an attractive valuation and solid growth projections, investors must assess the evolving AI landscape before making investment decisions on Thomson Reuters stock.

Read more at Nasdaq: Why Shares of Thomson Reuters Are Surging Today (Hint: It Has to do With Artificial Intelligence)