By Jennifer Sor
Publication Date: 2026-11-10 19:13:00
Microsoft stock dropped on Tuesday, pressured by Anthropic’s reveal of a suite of tools that could rival the legacy tech giant’s Office products.
Anthropic rolled out a suite of new AI tools that rival similar services in Microsoft Office, including Claude Sheets, Claude Whiteboards, and Claude Data.
“Starting today, Claude can build spreadsheets, whiteboards, and dashboards with your team. These work with its existing abilities to create documents, slide decks, and designs,” the company said in a release on its website.
Microsoft 365 makes up a significant portion of the tech giant’s total revenue, with consumer and commercial products and cloud services revenue in that segment of the business rising 16% in the last fiscal year, according to Microsoft’s 2026 investor letter.
Tuesday’s stock decline adds to the pressure on the stock stemming from broader volatility…
