Despite beating Q1 estimates and raising full-year guidance, CrowdStrike shares plunged after hours as operating expenses surged 15% on heavy AI investments.
Jensen Huang says AI agents will boost software companies, not kill them, with Cadence launching a fast autonomous chip design AI.
Mizuho downgraded Adobe on AI competition fears, but upgraded CrowdStrike for strong AI security growth and better outlook.
Anthropic’s new AI helps cybersecurity firms like Palo Alto & CrowdStrike defend systems, boosting their stocks and easing investor worries.
Benchmark initiates Buy coverage on Snowflake, Microsoft, Palo Alto Networks, ServiceNow, and CrowdStrike.
Wolfe Research upgrades CrowdStrike to Outperform and sets a $450 price target.
