The 'Anthropic Effect': How One AI Company Is Dismantling Billion-Dollar Tech Moats Overnight
It’s not every day that a single product launch wipes out tens of billions of dollars in market capitalization across an entire sector. But that’s exactly what happened last week when Anthropic unleashed Claude Code Security on the world. IBM tanked 13.2% on Monday — its worst single-day drop in 25 years. CrowdStrike shed over 11%. Cloudflare fell 8%. Okta cratered 9.2%. JFrog lost nearly a quarter of its value. Nassim Taleb is warning of bankruptcies. Analysts are furiously rewriting their models. And the phrase “the Anthropic Effect” has entered the financial lexicon as shorthand for what happens when AI doesn’t just compete with an industry — it threatens to make it irrelevant. ...