AI-Fueled Stock Slide Subsides

AI-fueled stock slide subsides

An AI-induced stock slide subsided on Tuesday as traders grew more confident that the tech can augment, rather than replace, traditional software businesses. AI startup Anthropic — whose Claude tools sparked the rout earlier this month — announced partnerships with software firms on Tuesday, a message that amounted to: “We’re here to help, not hurt,” one analyst said. The relief rally spurred some strategists to temper their expectations of a br…

CrowdStrike, Datadog and other cybersecurity stocks slide after Anthropic's AI tool launch

Feb 23 (Reuters) - ⁠Shares of cybersecurity companies including CrowdStrike and Datadog slumped ⁠on Monday, as investors weighed the potential impact of ‌artificial intelligence startup Anthropic's new security tool on the industry.

Datadog stock slides in early trade as Anthropic’s AI security tool keeps investors wary

Datadog shares fell 1.3% to $101.24 in early Tuesday trading after AI startup Anthropic launched Claude Code Security, a tool targeting software vulnerabilities. Other cybersecurity stocks and IBM also dropped sharply Monday on similar concerns. Datadog recently beat Q4 estimates with $953.2 million in revenue and forecast Q1 revenue of $951–$961 million. A Form 144 filing showed insider Alexis T. LeQuoc proposed selling 21,612 shares. The post …