CrowdStrike Jumps 4% to Record High as AI Lifts Cybersecurity Demand
Updated
Updated · CNBC · May 20
CrowdStrike Jumps 4% to Record High as AI Lifts Cybersecurity Demand
3 articles · Updated · CNBC · May 20
CrowdStrike climbed 4% to another all-time high, signaling renewed investor confidence that AI is boosting—not threatening—cybersecurity spending.
Jim Cramer said fears that AI would disrupt cyber firms were misplaced, arguing companies are spending more to defend against expanding digital threats and that CrowdStrike fits better as "defense software" than traditional enterprise software.
The move came as investors rotated back into AI infrastructure and semiconductor stocks, while software names including Salesforce and ServiceNow gave back gains after an earlier rally.
Nvidia rose 2% ahead of earnings, with Wall Street expecting about $79 billion in fiscal first-quarter revenue, underscoring the market's broader focus on AI leaders.
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