Palo Alto, CrowdStrike Jump Over 6% as Chinese AI Match Anthropic in Finding Flaws
Updated
Updated · CNBC · Jun 29
Palo Alto, CrowdStrike Jump Over 6% as Chinese AI Match Anthropic in Finding Flaws
3 articles · Updated · CNBC · Jun 29
Summary
Palo Alto Networks climbed about 7.5% to a new intraday high Monday, while CrowdStrike gained more than 6% in a rally tied to rising demand for cyber defenses.
A Friday Wall Street Journal report said Chinese AI systems matched Anthropic's Mythos in identifying cybersecurity vulnerabilities, raising fears that stronger models can also exploit those weaknesses.
That prospect boosted cybersecurity shares even as investors also rotated back into beaten-down AI hyperscalers including Amazon, Microsoft, Meta and Alphabet after last week's selloff.
The broader market rose Monday as oil held near $70 a barrel after the U.S. and Iran agreed to pause hostilities and keep the Strait of Hormuz open to commercial traffic.