Box Launches Box Extract to Aid Enterprises in Data Extraction
Box announced the general availability of Box Extract, a new capability powered by leading generative AI models. Box Extract allows enterprises to intelligently and securely pull information from unstructured content and save it as metadata within Box. "Enterprises are sitting on a gold mine of data in their untapped content," said Aaron Levie, co-founder and CEO of Box. "With Box Extract, that information is now unlocked and can transform how businesses analyze information and make decisions. By turning unstructured content into structured, usable data, organizations can deliver real-world impact by having their content actively work for them across their most important lines of business."
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Market Reaction: On Tuesday, stocks of software, media, and information companies like Salesforce, Reddit, and Thomson Reuters experienced a significant decline.
Cause of Decline: The drop was primarily triggered by the launch of new artificial intelligence tools from start-up Anthropic, which raised concerns about the viability of companies that do not produce physical goods.
- Cloud Fund Decline: The WisdomTree Cloud Computing Fund has dropped approximately 20% in 2026, including a 6.5% decline this week, reflecting investor concerns over potential disruptions from AI technology, which has negatively impacted confidence across the sector.
- Box's Poor Performance: Box's stock has fallen 17% in 2026, experiencing its steepest monthly drop since 2023, and while CEO Aaron Levie describes this as the most exciting moment in the company's 20-year history, the market remains pessimistic about its future prospects.
- Increased Competition: The launch of new legal and marketing features for Anthropic's Claude Cowork productivity tool has made investors more cautious, fearing that AI could replace traditional software solutions, leading to significant stock declines for companies like HubSpot and Figma, which fell 39% and 40%, respectively.
- Divergent Market Reactions: Despite escalating fears of AI-related disruption, analysts highlight that many software companies maintain solid fundamentals, with HubSpot showing strong business performance and Monday.com being viewed as a profitable grower benefiting from digital and AI collaboration trends, indicating a divergence in market reactions.
- Market Performance Decline: Box's stock has dropped 17% in 2026, reflecting investor concerns about the future of software companies amid the rise of AI, leading to significant market value erosion and impacting company confidence.
- Intensifying Industry Competition: With the launch of new tools like Anthropic's Claude Cowork, software companies face direct competition from AI technologies, and despite efforts from Salesforce and ServiceNow to maintain market share, their valuations have fallen by about 25%, indicating weakened market confidence in traditional software.
- Shift in Investor Sentiment: While some analysts believe companies like HubSpot remain robust, the overall market sentiment towards the software sector has turned pessimistic, resulting in significant stock price declines for many firms, reflecting fears of AI replacing traditional software solutions.
- Pressure to Adapt Technologically: Box CEO Levie emphasizes that software companies must rapidly embrace AI to remain competitive, and this pressure is driving innovation in products and services to meet growing customer demands, potentially reshaping the industry landscape in the long term.
- Protest Escalation: Hundreds of demonstrators gathered in a snowstorm in Minneapolis to protest against U.S. Immigration and Customs Enforcement (ICE) following the shooting of ICU nurse Alex Pretti, highlighting public outrage over law enforcement violence.
- Delayed Industry Response: Despite widespread condemnation from the tech sector following George Floyd's death five years ago, the silence from many tech giants after Pretti's killing is disappointing, indicating a decline in the industry's engagement with social issues.
- Employee Pressure: A petition signed by over 400 tech industry workers calls on CEOs to publicly denounce ICE's violent actions and to cancel all contracts with ICE, reflecting strong employee expectations for leadership accountability.
- Local Government Appeals: Minnesota's governor and local police leaders have urged the president to withdraw immigration officers from the city, emphasizing local government dissatisfaction with federal enforcement actions and concerns for community safety.
- Lack of Industry Response: Following the fatal shootings in Minneapolis, tech executives have remained silent, contrasting sharply with the strong reactions seen after George Floyd's death in 2020, indicating a decline in the industry's engagement with social issues.
- CEOs Attend Event: Apple CEO Tim Cook, Amazon CEO Andy Jassy, and AMD CEO Lisa Su attended a private screening at the White House, despite the rising public outrage over the shootings, highlighting a neglect of social responsibility among top executives.
- Employee Pressure: Tech workers have initiated a petition urging CEOs to publicly denounce ICE's violent actions, with over 400 signatories so far, reflecting internal dissatisfaction with executive silence and a call for social justice.
- Politics vs. Humanity: Former Meta chief AI scientist Yann LeCun and LinkedIn co-founder Reid Hoffman publicly condemned ICE's actions, emphasizing that humanity should transcend politics and urging tech leaders to break their silence and engage in social dialogue.
- Market Decline: The WisdomTree Cloud Computing Fund has dropped over 8% this year, with major software firms like Salesforce, ServiceNow, and Adobe seeing stock declines exceeding 14%, indicating heightened market concerns that could trigger a wave of acquisitions.
- AI Competitive Pressure: The launch of Anthropic's AI tool Cowork aimed at enterprise customers has shaken investor confidence in software vendors, raising fears that AI could replace critical functions traditionally handled by software, prompting mid-sized firms to seek financing options to navigate these challenges.
- Acquisition Opportunities: Thoma Bravo co-founder Orlando Bravo highlighted that now presents incredible buying opportunities, particularly for companies developing AI solutions that integrate with existing systems, reflecting strong market demand for AI integration.
- Strategic Adjustments: Analyst Rishi Jaluria noted that the recent pullback in software stocks may force certain companies to explore strategic alternatives, especially those lacking effective AI integration, suggesting that future deals will need compelling AI angles to attract investor interest.










