Anthropic releases Claude safety tool, causing cybersecurity stocks to plummet

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Anthropic Launches AI Code Scanning Tool Sparks Industry Concerns, Cybersecurity Stocks Plummet

February 20, — Anthropic PBC announced its new safety features for the Claude AI model, which can scan for security vulnerabilities in code repositories and provide targeted software patch suggestions for manual review. Currently, the tool is in limited research preview.

The news triggered a collective sell-off in the cybersecurity sector, with the Global X Cybersecurity ETF falling 4.9%, hitting its lowest point since November 2023.

(Global X Cybersecurity ETF down 4.9%)

Cybersecurity stocks SailPoint plunged 9.4%, Okta dropped 9.18%, and Cloudflare tumbled 8%.

Since the beginning of the year, the iShares Technology Software Sector ETF has declined over 23%, potentially marking the largest quarterly drop since the 2008 financial crisis.

Investors are increasingly concerned that AI tools enabling users to create applications independently will weaken demand for traditional software products, thereby impacting company growth, profit margins, and pricing power.

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Market risks are present; investments should be made cautiously. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Invest at your own risk.

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