The pure-play security names are catching a sector bid on fresh artificial intelligence (AI) safety warnings from two frontier lab CEOs over the weekend, on the reasoning that a more dangerous threat environment expands security spending. CrowdStrike is the clearest expression of the theme, given how directly its products are sold against AI-driven cyber threats.
"One thing everyone knows is cyber security will be the biggest benefactor from this AI boom," said Eddie Ghabour, CEO of Key Advisors Wealth Management. "It's the next phase of the market for AI stocks. The more and more AI is adopted, the higher need for cybersecurity."
All are up double digit 10% + on Monday
Crowdstrike
Zscaler
Okta
Fortinet
Palo Alto Network
Sentinel one
Rubirk
Cloudflare
Sail Point