Anthropic’s just triggered another SaaS sell-off: Are software stocks uninvestable?
- Apr 13
- 1 min read
24/7 WALL ST — Investors have watched AI reshape one industry after another. Now Anthropic’s latest move has software-as-a-service (SaaS) stocks feeling the heat again.
On Friday, shares of cloud and edge infrastructure names plunged as traders priced in the threat from Claude Managed Agents. Akamai Technologies (NASDAQ:AKAM) tumbled 16.6%, Cloudflare (NYSE:NET) dropped 13.5%, and DigitalOcean Holdings (NYSE:DOCN) slid 13.4%. That wiped out billions in a single session. But does one product launch really make the entire sector uninvestable?
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