Anthropic's Claude update sparks stock selloff and positions firm as top tech performer of the week

Anthropic rapidly became the week's strongest tech stock performer after releasing new Claude tools that automate coding, legal work, and complex business tasks. The launch triggered a sharp selloff across software, legal, financial, and real estate tech stocks, as investors reassessed the risk to enterprise platforms. Anthropic's enterprise-focused strategy, high API usage share, and internal target to break even by 2028 are now positioning it as a leading rival to OpenAI.