Claude's New Security Tool Triggers $10B Drop in Cybersecurity Stocks Overnight

Anthropic's Claude Code Security tool, which uncovered over 500 long‑standing bugs, sparked a market panic that saw leading cybersecurity stocks like CrowdStrike, Cloudflare and Okta plunge more than 5%, erasing over $100 billion in market value and raising concerns about AI's disruptive impact on the security industry.

AI securityAnthropicClaude
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Claude's New Security Tool Triggers $10B Drop in Cybersecurity Stocks Overnight