IBM, DoorDash shares drop as tech selloff continues – SiliconANGLE

IBM, DoorDash shares drop as tech selloff continues – SiliconANGLE

By @SiliconANGLE
Publication Date: 2026-02-23 23:16:00

Shares of IBM Corp., DoorDash Inc. and other software companies closed lower today following another broad decline in tech stocks.

The selloff is the latest in a series to have hit the information technology industry since Anthropic PBC released Claude Workspace plugins on Jan. 30. A plugin is a collection of prompts, datasets and scripts that customizes Claude’s behavior. Anthropic released more than a half-dozen plugins spanning use cases such as sales, marketing and project management.

The launch caused a selloff in the shares of enterprise software companies focused on the same use cases as Anthropic’s plugins. Shortly thereafter, the artificial intelligence developer debuted a tool called Claude Code Security that can scan application code for vulnerabilities. CrowdStrike Holdings Inc., Cloudflare Inc. and several other cybersecurity providers closed lower the day the tool was announced.

Today’s selloff appears to have been caused by multiple factors. One of them…