CrowdStrike and Palo Alto Stocks Rise on AI Security Demand After Black Hat
Cybersecurity shares CrowdStrike and Palo Alto Networks climbed more than 5% to new highs as demand for AI security tools strengthened after the Black Hat conference in Las Vegas. Analysts said AI agents are changing the threat landscape and deployment is still early, prompting businesses to seek agentic defenses. BTIG lifted price targets for Palo Alto and CrowdStrike and boosted other related cybersecurity names.