CrowdStrike Holdings Inc. (NASDAQ: CRWD) has heard the words Anthropic or Claude Code more than it would like. CRWD stock is down about 16% in 2026. Most of that drop had to do with the general malaise with frothy technology stocks.
Just as CRWD stock was beginning to hit its stride, it got derailed by not one, but two events tied to Anthropic. The first came in late February, when Anthropic launched Claude Code Security. That launch was right around CrowdStrike’s Q4 earnings report for its 2026 fiscal year.
