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Cybersecurity ETF HACK hits a fresh 12-month high amid AI selloff
HACK is up 15.4% over the past 30 days, while the VanEck Semiconductor ETF SMH fell nearly 9% in the same period.
An AI-driven rally appears to be losing steam as several technology groups have broken below key levels, but cybersecurity stocks have shown unusual resilience. In that rotation, the Amplify Cybersecurity ETF HACK reached a fresh 12-month high in early July and stayed close to its 52-week peak.
The ETF has gained 15.4% over the past 30 days, while the VanEck Semiconductor ETF SMH declined almost 9% during the same window. The relative performance gap is even wider versus each fund’s earlier high levels, with HACK trading less than 5% below its 52-week high compared with SMH sitting roughly 17% below its peak.
MarketBeat Ratings points to a shift in investor attention toward groups with their own demand drivers, arguing that cybersecurity spending is less discretionary as AI-driven threats rise. It highlights CrowdStrike, Fortinet, and Palo Alto Networks as leading names within the sector.
For CrowdStrike, the article says the stock is up around 75% year to date and is near its 52-week high of $217.50, after business updates including an expanded partnership with Schwarz Digits and an agreement to acquire XM Cyber’s IP. Analysts cited in the piece project earnings growth of almost 71% for the year ahead, alongside a recently completed 4-for-1 stock split, while noting that a consensus price target of about $180.42 sits below the current share price.