From 24/7 Wall St. · David Moadel · · 1m
Cybersecurity Stocks Rally While Large-Cap Tech Slides
Cybersecurity stocks rally 4% as large-cap tech slides.
In brief
Cybersecurity stocks rally 4% as large-cap tech slides. CrowdStrike, Palo Alto Networks, Okta, and Palantir each gained 4% while mega-cap tech stocks fell. Originally reported by 24/7 Wall St..
Cybersecurity Stocks Rally
Cybersecurity stocks rally 4% while large-cap tech stocks slide Wednesday morning.
CrowdStrike, Palo Alto, Okta, Palantir Up 4%
CrowdStrike at $259.82, Palo Alto Networks at $388.27, Okta at $203.58, and Palantir at $192.90 all gained 4% in session.
No Company-Specific Disclosures
No company-specific disclosure has been verified for CrowdStrike, Palo Alto, or Okta on Wednesday’s session.
Rotation Into AI-Cybersecurity
Rotation into AI-cybersecurity drives cybersecurity stocks as security spending remains stable during market slowdowns.
Palantir Joins the Rally
Palantir, not a security vendor, joins the rally suggesting AI-adjacent enterprise and government software is also rising.
What to Watch Next
Investors should monitor if cybersecurity outperformance versus QQQ persists into afternoon trading.
The bottom line
CrowdStrike, Palo Alto Networks, Okta, and Palantir each gained 4% while mega-cap tech stocks fell.
