The emergence of AI has changed the valuation logic of the market!


Anthropic recently released a "bug hunter" model called Claude Mythos, which finds that the cost of discovering software vulnerabilities has basically become zero.
This changes the valuation logic of "cybersecurity" stocks.
Their valuation logic is:
1. Software inevitably has vulnerabilities, and security services and patches are necessary.
2. Human security experts are scarce, so their services can be sold at high prices.
As soon as this model was released, cybersecurity stock prices plummeted, with declines ranging from 20% to 40%.
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