Daily Market Updates: CrowdStrike and Okta shares rise as AI spending boosts earnings

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CrowdStrike and Okta shares rise as AI spending boosts earnings

Okta’s stock climbed nearly 29% on the day, while CNBC said AI adoption is driving customers to increase spending on cybersecurity tools.

Reported · Written up by our desk · Results

CrowdStrike and Okta moved higher after earnings, with CNBC describing the market reaction as a surge tied to rising customer demand for security spending driven by growing AI adoption.

According to CNBC Earnings, AI is pushing customers to spend more on cybersecurity tools from vendors including CrowdStrike and Okta, helping underpin the results.

CNBC also highlighted Okta’s standout move, with its shares popping nearly 29% following the earnings update.

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CNBC EarningsCrowdStrike posts best day ever, Okta's stock pops nearly 29% as rising AI threat lifts earnings

Earnings

CrowdStrike and Okta shares rise as AI spending boosts earnings

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