Software stocks, represented by the IGV ETF, have rebounded strongly from April lows despite market volatility. This week, earnings reports from CrowdStrike (CRWD) and Salesforce (CRM) are crucial; CRWD needs strong beats and guidance to offset risks from high valuation and executive departures, while CRM must counter concerns about AI's impact on SaaS. Positive earnings surprises could boost the cybersecurity sector and the broader software ETF. The analyst maintains a 15% software allocation, sees potential buying opportunities on pullbacks, and remains cautious but optimistic about the sector's growth prospects.
CrowdStrike CEO George Kurtz highlighted that AI is enabling attackers to find and exploit cybersecurity vulnerabilities faster, making traditional security tools insufficient even for companies with heavy cybersecurity spending. This shift has incre...
Dan Ives highlighted six AI stocks—Microsoft, Alphabet, Amazon, Palantir, CrowdStrike, and NVIDIA—as leaders in the next AI growth phase during a CNBC broadcast. All these stocks were already held in his Dan Ives Wedbush AI Revolution ETF, but this w...
Nvidia reported record revenue driven by AI demand, highlighting a surge in cybersecurity stocks like CrowdStrike and Okta as companies invest more in protecting AI systems. Nvidia's $96.2 billion quarter and strong forecasts signal expanding AI depl...
Shares of CrowdStrike and Okta surged after both companies beat earnings expectations and raised forecasts, driven by increased cybersecurity spending amid rising AI threats. The adoption of AI has led to more sophisticated cyberattacks, prompting bu...
Cybersecurity stocks rallied strongly following better-than-expected Q2 2027 earnings reports from Okta and CrowdStrike. Okta's shares jumped 22% after reporting $805 million in revenue and positioning itself as a key security layer for AI agents, wh...
