What is Anthropic AI? How did it trigger selloff IT stocks, wipe out $300 billion at Wall Street? How did it impact Indian stock market?
IT stocks extended losses after Budget 2026 as Anthropic AI triggered a global tech selloff. These stocks also came under pressure from their peers on Wall Street following the latest rollout of an artificial intelligence (AI) platform, Anthropic AI. After the IT stocks plummeted at the Wall Street, the NSE reacted sharply, with the Nifty IT index falling 5.9%. The release of Anthropic AI kickstarted a selling spree on Wall Street, with the Nasdaq index ending 1.43% lower on Tuesday. Established in 2021, Anthropic PBC is a US artificial intelligence (AI) company headquartered in San Francisco.
Source: dna February 04, 2026 12:51 UTC
