AI start-up Anthropic released a new AI agent, Claude Cowork, to simplify tasks like file organization. This has spooked investors, leading to a drop in SaaS stocks by over 30%. Nvidia CEO and experts like Wedbush analyst Dan Ives believe that fears of AI replacing software are unfounded, offering buying opportunities in tech stocks like Microsoft, CrowdStrike, Snowflake, Salesforce, and Palantir Technologies.

Microsoft, a key player in AI, has seen a 25% drop in its stock price, offering a potential 42% upside. CrowdStrike, a cloud-native cybersecurity specialist, is down 25% with a 44% upside. Snowflake, a cloud data management company, has fallen 35% but presents a 51% upside. Salesforce, a CRM solutions provider, has dropped 44% with a potential 103% upside. Palantir Technologies, a leader in data mining and AI solutions, has fallen 36%, offering a 209% upside potential.

Investors should consider buying stocks in Microsoft, which has a 42% upside potential. Other tech stocks like CrowdStrike, Snowflake, Salesforce, and Palantir Technologies also offer significant upside potential ranging from 44% to 209%. Analysts believe that the current market conditions present buying opportunities in these innovative tech companies.

Read more at Nasdaq: Software Bear Market: 5 Best-of-Breed Software Stocks With 42% to 209% Upside to Buy Right Now, According to 1 Wall Street Analyst