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Shares of GoDaddy (GDDY), Adobe (ADBE), Wix.Com (WIX) and Figma (FIG) edged lower on Tuesday on the heels of a report that Anthropic is preparing a new AI-powered tool for designing websites and presentations.
The Information reported on Tuesday, citing a person familiar with the matter, that the AI company is preparing its next flagship model, Claude Opus 4.7, along with a new AI-powered tool for designing websites and presentations. The new products could be released as soon as this week, the report said.
According to The Information, Anthropic's upcoming design tool aims to help both technical and non-technical users create presentations, websites, landing pages and products using prompts in natural language.
GDDY, ADBE, WIX and FI shares traded 2%-3% lower at the time of writing.
On Stocktwits, retail sentiment around ADBE, GDDY and FIG stocks trended in the ‘bullish’ territory at the time of writing. While retail chatter around GDDY and ADBE stayed within the ‘normal’ territory at the time of writing, message volume on FIG stayed at ‘extremely high’ levels.
A Stocktwits user said that Claude will put Adobe and Figma “out of business.”
Another user dismissed the report’s impact on Figma, opining that the company’s products are superior to any product in the market.
A third user termed the selloff a buy signal.
On Monday, BTIG initiated coverage of ADBE and FIG with a ‘Neutral’ rating and no price target. The firm noted that AI is "raising a host of questions about the future of the creative ecosystem" and added that it wants more conviction in how AI ultimately reshapes the creative space before recommending ADBE shares.
GDDY has fallen 53% over the past 12 months while ADBE fell 33% and FIG lost 84%. WIX shares lost 60% in the meantime.
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