{
    "success": true,
    "data": {
        "id": 1669060,
        "msgid": "tech-giants-tumble-as-investors-dump-shares-in-unison-1775803854",
        "date": "2026-04-10 12:45:00",
        "title": "Tech Giants Tumble as Investors Dump Shares in Unison",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "US software company shares plummeted on Thursday following renewed concerns over the impact of artificial intelligence, triggered by Anthropic's update to its AI model that could disrupt the industry. The S&P 500 Software and Services index has fallen 25.5% year-to-date, with cybersecurity firms like Cloudflare and Zscaler seeing sharp declines amid fears of AI exposing long-hidden vulnerabilities. This sell-off extends to private credit markets and European tech stocks, highlighting broader uncertainties in the technology sector's growth prospects.",
        "content": "<p>Jakarta, CNBC Indonesia - Shares in US software companies plunged\nduring Thursday\u2019s trading (9\/4) as concerns over the impact of\nartificial intelligence (AI) once again haunted the market. The trigger\nwas an update to Anthropic\u2019s AI model, deemed potentially disruptive to\nthe software industry. Investors have been offloading shares in this\nsector throughout the year. The primary fear stems from AI\u2019s\nincreasingly advanced capabilities, which could automate many human jobs\nand pose a threat to the business models of traditional software\ncompanies. This pressure is evident in the performance of the S&amp;P\n500 Software and Services index, which has dropped 25.5% since the\nbeginning of the year, including a 2.6% decline on Thursday. Previously,\noptimism over a US-Iran ceasefire had eased market concerns. However,\nthe fragile situation has led investors to refocus on technology sector\nrisks. \u201cWe\u2019re once again worried about specific issues in the software\nsector stemming from AI and the re-emergence of private credit\nconcerns,\u201d said Steve Sosnick, chief market strategist at Interactive\nBrokers, quoted from Reuters on Friday (10\/4\/2026). Concerns escalated\nafter Anthropic launched its latest AI model, named Claude Mythos. The\nmodel is said to be extremely powerful but was not released widely due\nto fears it could reveal long-hidden cybersecurity vulnerabilities. Only\naround 40 tech giants, including Microsoft and Google, gained early\naccess to the model. \u201cIf Mythos is that powerful and uncovers\nvulnerabilities that have existed for years, it shows two things: the\nweakness of current software and that AI is still making extraordinary\nprogress compared to legacy software companies,\u201d said Michael O\u2019Rourke,\nchief market strategist at JonesTrading. The pressure was immediately\nvisible in cybersecurity company shares. Cloudflare, Okta, CrowdStrike,\nand SentinelOne each fell between 4.9% and 6.5%. Zscaler even became one\nof the biggest decliners in the S&amp;P 500 after dropping 8.8%. The\ndecline followed BTIG downgrading its recommendation on the stock to\n\u201cneutral\u201d from \u201cbuy\u201d due to concerns over demand and rising competition.\nShares in other software companies were also hit hard. Atlassian,\nWorkday, Adobe, Salesforce, and Intuit recorded drops between 3.7% and\n6.8%. The pressure was not limited to the stock market. Concerns also\nspilled over into the private credit sector, as investors began\nreassessing loans to technology companies amid growth uncertainties.\nCarlyle Group shares fell 1.5% after the company\u2019s flagship private\ncredit fund faced a wave of withdrawals. Negative sentiment also spread\nto Europe. Shares in SAP Global, Capgemini, and Temenos weakened between\n3% and 7%.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/tech-giants-tumble-as-investors-dump-shares-in-unison-1775803854",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}