US Stock Market Move | Application software stocks overall fell, Snowflake (SNOW.US) dropped more than 8%.

On Thursday, shares of application software companies dropped, with Snowflake (SNOW.US) falling more than 8%, Palantir (PLTR.US) and ServiceNow (NOW.US) dropping over 6%, and Salesforce, Inc. (CRM.US) and Intuit Inc. (INTU.US) falling over 4%. In terms of news, Anthropic recently announced that its powerful new AI model "Claude Mythos" has been released within a limited scope and has already discovered thousands of software vulnerabilities, including hidden security weaknesses in major operating systems and web browsers. This has sparked concerns among investors about traditional software companies, especially in the cybersecurity sector, as their existing products may be at risk of being disrupted by AI technology.