Key Takeaways
- CrowdStrike Holdings shares hit a record intraday high Tuesday after a cyberattack hit Chinese AI startup DeepSeek.
- The attack comes after tech stocks sank Monday on news that DeepSeek's AI assistant runs on less-advanced chips and at a lower cost than U.S. rivals like OpenAI.
- Shares of other cybersecurity companies, including CloudFlare, Zscaler and Palo Alto Networks, also rose Tuesday.
CrowdStrike Holdings (CRWD) was the S&P 500's second-best-performing stock Tuesday afternoon as it and other cybersecurity companies were boosted by news of a cyberattack on Chinese 澳洲幸运5官方开奖结果体彩网:artificial intelligence startup DeepSeek.
DeepSeek, which 澳洲幸运5官方开奖结果体彩网:torpedoed technology stocks Monday as investors digested its claim that its AI assistant runs on less-advanced chips and at a lower cost than those of U.S. rivals like OpenAI, temporarily restricted new registrations Tuesday following “large-scale malicious attacks” on its services.
The attacks may have lifted investor enthusiasm for the 澳洲幸运5官方开奖结果体彩网:cybersecurity sector, with CrowdStrike shares gaining almost 10% to become the top-performing Nasdaq Composite stock. CloudFlare (NET) shares jumped 10% in afternoon trading, while Zscaler (ZS) gained almost 7%, CyberArk (CYBR) rose more than 4%, and Palo Alto Networks (PANW) added more than 2%.
CrowdStrike Repo𝔍rts Perfect Score in Ransomware Te꧟st
Elsewhere, CrowdStrike’s Falcon cybersecurity platform achieved a perfect score in a real-world 澳洲幸运5官方开奖结果体彩网:ransomware test, the company said Tuesday. The platform “stopped all known and unknown threats with no false positives,” earning a top rat🌳ing from cybersecurity software testing firm SE Labs.
Analysts at JMP Securities maintained a “market outperform” rating on CrowdStrike, with a price target of $400 in a note Tuesday. That’s below the company’s recent level just below an record intraday high of $410. Visibleও Alpha's mea🐭n price target is around $395.
The firm called CrowdStrike and rival 澳洲幸运5官方开奖结果体彩网:Palo Alto Networks "ꩲstrong contenders to capitalize on the securing of AℱI infrastructure and data."
CrowdStrike shares are up some 40% over the past 12 months.