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CNBC Technology·2 min read

Cybersecurity stocks fall on report Anthropic is testing a powerful new model

Cybersecurity stocks drop amid AI model concerns.

Cybersecurity stocks experienced a notable decline on Friday after a report revealed that Anthropic is testing a new AI model called Mythos, which is considered more advanced and poses potential security risks. The iShares Cybersecurity ETF dropped by 3%, while leading companies like CrowdStrike and Palo Alto Networks saw their stocks fall by 7%, reflecting broader fears of AI's impact on the cybersecurity sector.

Key Takeaways

1.
The iShares Cybersecurity ETF fell by 3% following the news.
2.
CrowdStrike and Palo Alto Networks saw declines of 7% each.
3.
Tenable's stock plummeted nearly 11% amid fears of AI disruption.

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Cybersecurity stocks fall on report Anthropic is testing a powerful new model | Trace