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CrowdStrike and Palo Alto shares hit records as AI cybersecurity demand grows

Reported · Written up by our desk · Sectors

Shares of cybersecurity companies CrowdStrike and Palo Alto Networks moved higher to new highs following renewed attention on AI driven threats after the Black Hat cyber conference, CNBC Markets reports.

The outlet said the annual Black Hat event renewed demand for AI powered cybersecurity tools as the industry focuses on escalating cyber risk.

The coverage tied the stock strength to investor interest in companies positioned to address AI related attacks, after the conference highlighted the pace of change in threat activity.

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