AI

CrowdStrike defies AI turbulence and reaches a new all-time high

CrowdStrike defies AI market disruptions and reaches an all-time high – supported by increasing cybersecurity demand and strong test results.

Eulerpool News Feb 2, 2025, 11:15 AM

While many AI stocks came under pressure this week due to uncertainties surrounding the Chinese ChatGPT competitor DeepSeek, CrowdStrike showed resilience. On Tuesday, the cybersecurity company's stock price rose by 9.35% to $408.68 on NASDAQ—a new all-time high at closing. During the day, the stock even reached $411.30. On Wednesday, a slight correction of 2.84% followed, bringing it to $397.07.

The uncertainties surrounding DeepSeek weighed on numerous US tech stocks. The powerful AI model from China raises questions about the capital and operating expenses that Silicon Valley companies have invested in the expansion of artificial intelligence so far. "DeepSeek challenges the assumption that high investments are the only way to compete in the AI race," said Nirgunan Tiruchelvam, Head of Consumer and Internet at Aletheia Capital in Singapore, to Bloomberg.

CrowdStrike was able to defy the downward trend in the AI sector - a sign of the company's market position. The stock rose 34% last year, benefiting from the growing importance of cybersecurity solutions. Regardless of which AI models prevail, the demand for security solutions will increase. Companies like CrowdStrike, Cloudflare, and Zscaler thus face a sustainable growth outlook.

In addition to the positive market sentiment, CrowdStrike released strong results from the SE Labs Enterprise Advanced Security (EDR) Ransomware Test 2024 on Tuesday. The company's Falcon platform achieved top scores: 100% detection, 100% protection, and 100% accuracy. All known and unknown threats were successfully thwarted without false alarms. For the third consecutive time, CrowdStrike received the AAA Award for Advanced Security EDR Protection from SE Labs, affirming the company's leading position in cybersecurity.

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