CrowdStrike Holdings Inc. (CRWD) plummeted 5.04% during intraday trading on Thursday, as the cybersecurity stock faced significant downward pressure.
The decline comes amid a sharp sell-off in global software shares, with investors rotating away from the sector towards near-term AI monetization plays such as chips and infrastructure. Concerns that artificial intelligence could disrupt traditional software business models and erode long-term growth have compressed valuations across the software industry.
Despite some analysts arguing that leading cybersecurity vendors like CrowdStrike may be resilient to AI disruption and could actually benefit from increased cybersecurity budgets, the stock was caught in the sector-wide downturn affecting software companies.
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