What Happened?
A number of stocks fell in the morning session after reports of a ceasefire breach in the Middle East spiked market volatility as fears grew that a fragile U.S.-Iran truce would unravel.
This tension was compounded by Anthropic’s launch of Managed Agents, autonomous AI systems that execute complex tasks. Traders were worried these would disrupt the traditional SaaS (Software as a Service) model, by replacing human-operated tools with more efficient AI workers. The sell-off intensified after short seller Michael Burry claimed (in a deleted social media post) Anthropic was "eating Palantir’s lunch." Burry’s comments highlighted the vulnerability of legacy platforms to Anthropic’s AI solutions.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Sales Software company HubSpot (NYSE: HUBS) fell 7%. Is now the time to buy HubSpot? Access our full analysis report here, it’s free.
- Project Management Software company Asana (NYSE: ASAN) fell 6.9%. Is now the time to buy Asana? Access our full analysis report here, it’s free.
- Advertising Software company Zeta Global (NYSE: ZETA) fell 6.9%. Is now the time to buy Zeta Global? Access our full analysis report here, it’s free.
Zooming In On HubSpot (HUBS)
HubSpot’s shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 10 days ago when the stock gained 4.3% after sentiment improved as President Trump indicated that the US was engaged in serious, productive talks with Iran.
This potential de-escalation of Middle Eastern tensions provided a significant sigh of relief for global markets, which had been bracing for prolonged geopolitical instability and surging energy costs. Simultaneously, investors appeared to be buying the dip in high-quality SaaS stocks following the "SaaSpocalypse" correction that dominated the early months of 2026. This meant there was hope resilient cloud platforms would remain indispensable digital infrastructure.
HubSpot is down 46.5% since the beginning of the year, and at $204.49 per share, it is trading 69.6% below its 52-week high of $672.24 from May 2025. Investors who bought $1,000 worth of HubSpot’s shares 5 years ago would now be looking at only $395.86.
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