Microsoft shares were under pressure midday Tuesday after Anthropic unveiled a slew of tools that rival the Washington-based giant's Office suite. The move by Anthropic comes after the Claude AI parent released an amended regulatory filing in the lead-up to its big initial public offering.
Nvidia shares also slumped on the day., alongside On Holding.
Follow below as CNBC breaks down the biggest stock market moves of the day:
Microsoft shares dropped 3% in a sudden move after Anthropic announced a slate of new workplace tools for Claude that could compete with Office.
Anthropic introduced Claude Sheets, Claude Whiteboards and Claude Data in a blog post.