Reported 8 months ago
The S&P 500 added cybersecurity leader CrowdStrike to its index alongside GoDaddy and KKR while removing Robert Half, Comerica, and Illumina. CrowdStrike, an AI stock, has seen a 266% increase since 2023 and is favored by Wall Street for further growth due to its competitive advantage in data and AI, significant market position, strong revenue growth, and partnerships like Amazon. Analysts recommend a cautious approach at its current pricing, suggesting there may be alternative investment options in AI and cybersecurity.
Source: YAHOO