The AI company has been one of the primary instigators of the sell-off ripping through tech stocks. Over the last month, the firm has continually rolled out new tools and highlighted capabilities for its AI chatbot, Claude, planting the seeds of a panic that’s scrambled the hottest trade on Wall Street seemingly overnight.
The chaos, which began in early February, has sent the software sector into a deep bear market and hit adjacent areas as investors fret over how AI could disrupt businesses across a range of industries.
