CrowdStrike reported fiscal Q1 earnings that slightly exceeded Wall Street estimates, with adjusted EPS of $1.10 versus $1.07 expected and revenue of $1.39 billion beating the $1.36 billion forecast. The company saw a 26% revenue increase year-over-year and shifted from a net loss last year to a net income of $27.8 million. CEO George Kurtz highlighted CrowdStrike's critical role in AI security as demand for cybersecurity tools rises due to advanced AI threats. The company also announced a four-for-one stock split effective in July and raised its fiscal 2027 revenue growth forecast. Despite the earnings beat, shares dropped 9% post-report, but the stock is still up about 60% this year amid growing AI-related cybersecurity needs.
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
Energy prices cooled in June, easing inflation pressures despite ongoing tensions between the U.S. and Iran near the Strait of Hormuz. Morgan Stanley reported record quarterly revenue and profit, boosted by a surge in equities trading fueled by the A...
In Q2 2026, AMD's stock surged 182.4%, driven by growth in AI workloads linked to large language models. CrowdStrike also saw strong gains of 95.6% due to a positive shift in the AI investment narrative. Conversely, Netflix's stock declined after bea...
The Global X Cybersecurity ETF (BUG) returned 29.25% from January to July 2026, benefiting from the AI-security spending surge driving growth across multiple vendors. While CrowdStrike soared 59.72%, BUG's diversified portfolio reduced risk from sing...
Cybersecurity stocks surged after IBM CEO Arvind Krishna highlighted cyber threats as a top concern for customers in the company's preliminary Q2 results. Krishna noted that some major deals were delayed as businesses reconsidered spending due to evo...
