ServiceTitan (TTAN) stock experienced a significant sell-off, plunging 9.19%, driven by investor concerns that the launch of a new AI tool by Anthropic could rapidly disrupt established software-as-a-service models.
- The stock fell to $67.61 in live trading amidst a broader retreat from high-growth technology and software assets.
- TTAN's steep sell-off mirrors wider weakness across the tech-heavy Nasdaq, highlighting caution regarding the long-term viability of vertical software platforms against emerging AI competition.