Cybersecurity Stocks Tumble Again Over AI Disruption Fears
Shares of major cybersecurity companies slid for a second straight session this week as Wall Street reacted to the rapid rollout of new AI tools aimed at software security. The latest pressure followed Anthropic’s debut of a research preview of a security feature tied to its Claude AI model. According to the company, the tool can review software code, identify potential weaknesses, and recommend fixes. Anthropic is expected to outline additional enterprise-focused updates at an upcoming product briefing. Zscaler and CrowdStrike each fell 10%, while Tenable and Netskope dropped around 12%. SailPoint lost 9%, while Okta declined over 6%. Fortinet and SentinelOne each retreated over 4%, while Palo Alto Networks slipped about 3%. Cloudflare, which had recently benefited from investor enthusiasm around automated bot technologies, fell more than 9%. Exchange-traded funds (ETFs) tracking the sector also moved…