Stock Market Today
Cybersecurity Stocks Hit Sharply by Anthropic ‘Claude Code Security’ – Why Does It Matter for IT Stocks?
Shares of major cybersecurity companies dropped sharply after U.S.-based Anthropic PBC unveiled Claude Code Security, an AI-powered tool that autonomously identifies and suggests patches for software vulnerabilities. Investors reacted quickly, sending JFrog down 24%, Okta over 9%, CrowdStrike 8%, and GitLab more than 8%. Zscaler, Rubrik Inc., and Palo Alto Networks also faced notable declines as market anxiety over AI disruption intensified.
Anthropic’s new tool, integrated into Claude Code on the web, scans codebases for security vulnerabilities and proposes targeted patches for human review. Designed to find flaws that traditional methods may miss, Claude Code Security aims to empower defenders and protect software against a new category of AI-enabled attacks. The tool is currently available in a limited research preview.
The company has provided early access to Enterprise and Team customers, with expedited availability for maintainers of open-source repositories. Anthropic emphasized that this preview phase will help refine the tool’s capabilities while ensuring responsible deployment, stating, “We want to work with the community to ensure Claude Code Security is used safely and effectively.”
The launch of AI-assisted coding tools has heightened investor apprehension about traditional IT and cybersecurity firms. Analysts warn that automated AI solutions could disrupt established software business models and compress profit margins, forcing companies to innovate rapidly. The market now watches closely to see how AI will reshape cybersecurity, making Claude Code Security a pivotal test case for IT stocks.
(This Article Has Been Syndicated From ANI)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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