Cybersecurity stocks plummet as Anthropic releases Claude safety tool

Wallstreetcn
2026.02.20 21:02

On February 20th, the stock prices of cybersecurity software companies plummeted significantly. This followed the introduction of a brand new security feature in Anthropic PBC's Claude AI model.

CrowdStrike Holdings saw one of the largest declines, dropping as much as 7.9%; Cloudflare fell over 7%. Meanwhile, Zscaler dropped by as much as 4%, SailPoint plummeted 8.6%, and Okta fell by as much as 9.6%. The Global X Cybersecurity ETF also saw a decline of 4.6%, increasing its cumulative drop for the year to 15.6%.

The new security feature introduced by Anthropic for its Claude AI model can scan for security vulnerabilities in code repositories and provide targeted software patch suggestions for manual review. Currently, the tool is in a limited research preview phase.

Investors are concerned that the new AI tools will weaken demand for traditional (legacy) products, thereby dragging down the growth, profit margins, and pricing power of related companies

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