Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Why Palo Alto Networks Stock Dropped Today
**Palo Alto Networks **(PANW 5.84%) stock, one of the nation’s biggest cybersecurity companies, fell an unlucky 7% through 9:55 a.m. ET Friday.
What’s up with Palo Alto going down? It seems artificial intelligence company Anthropic has a new model coming out soon, “Claude Mythos,” and it’s bad news for cyber companies like Palo Alto.
Image source: Getty Images.
(Almost) introducing Claude Mythos
Claude Mythos has _not _been released yet, but as StreetInsider.com reports, someone (or someones) found details about the new model in a draft of an upcoming blog stored in a searchable database. According to the draft blog, Anthropic is working on new “Capybara” AI models that improve its existing top-tier “Opus” models – and Claude Mythos is a code name or subset for one of these Capybara models.
Quoting from the document, StreetInsider says Claude Mythos is “by far the most powerful AI model we’ve ever developed,” and particularly powerful in reasoning, coding, and also cybersecurity functions.
Expand
NASDAQ: PANW
Palo Alto Networks
Today’s Change
(-5.84%) $-9.13
Current Price
$147.23
Key Data Points
Market Cap
$128B
Day’s Range
$143.50 - $149.02
52wk Range
$139.57 - $223.61
Volume
276K
Avg Vol
10M
Gross Margin
73.50%
What it means for Palo Alto Networks
And this seems to be the crux of the issue: Investors are worried that if Anthropic has developed an AI model that’s potentially better than Palo Alto’s own cybersecurity tools, it might steal market share from Palo Alto. Is this a valid concern?
Who knows!? Claude Mythos hasn’t been released yet. All we know of it is what someone read in an unfinished blog. Investors, though, are jumpy and more than willing to sell first and ask questions later. Ordinarily, I’d criticize this reaction, but with Palo Alto Networks stock trading at 35 times trailing free cash flow and 90 times earnings, there’s really not much margin of safety in this stock.
Selling on the rumor, even if it’s untrue, might actually be the right call here.