Shares of Rapid7, ServiceNow, and monday.com fell in afternoon trading after Bloomberg reported that Anthropic's preliminary second-quarter revenue topped $11.5 billion. The market reaction suggests investors treated the figure as evidence that AI coding tools such as Anthropic's Claude Code and OpenAI's Codex are generating real dollars, not just demos, renewing fears that they could hollow out software bills. Rapid7 fell 4.5%, ServiceNow fell 4.5%, and monday.com fell 4.9%. The software group had already bounced since Microsoft's July 22 results, leaving it exposed when that fear returned, and Salesforce's earnings later in August could show whether customers are still expanding applications or shifting budget to AI assistants.
Monday.Com Ltd
Rapid7 Inc
