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Cybersecurity ETFs are sliding as CrowdStrike, Palo Alto Networks and Okta face valuation concerns after a rally. Here’s what it means for the AI-driven trade.
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Rising AI safety concerns from tech leaders calling for slower AI development are expected to boost cybersecurity spending and investments. Major cybersecurity firms posted double-digit gains as investors recognize that securing AI infrastructure and protecting against AI-driven threats will remain critical priorities even as development pace moderates. Cybersecurity ETFs offer diversified exposure to this growing sector.
Sam Altman’s AI safety warning puts semiconductor and cybersecurity ETFs on opposite sides of Wall Street’s next big trade.
AI agents are lifting cybersecurity demand and valuations. BofA raised targets on CrowdStrike, Okta and SailPoint but kept Neutral ratings.
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
B of A Securities analyst Tal Liani maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Neutral and raises the price target from $230 to $260.