Why CrowdStrike Stock Is Soaring Today
CrowdStrike Holdings (NASDAQ: CRWD) stock is seeing strong bullish momentum in Tuesday's trading. The cybersecurity company's share price was up 9.3% as of 3:15 p.m. ET today. Meanwhile, the S 500 index was up 0.9%, and the Nasdaq Composite index was up 2%.
CrowdStrike's valuation is bouncing back after concerns about DeepSeek's new AI model spurred dramatic sell-offs for the tech sector yesterday. Besides seeing recovery momentum in conjunction with gains for the broader market today, the stock is getting a boost from new attention being brought to cybersecurity issues and the AI competition between the U.S. and China.
Tech stocks saw dramatic sell-offs yesterday as investors and analysts weighed in on the new R1 AI software from DeepSeek, a Chinese company. It was reportedly developed and trained using far less hardware power than OpenAI's leading ChatGPT software. R1 is also supposedly more capable and far more efficient in some respects, leading investors to consider whether an AI paradigm shift is underway.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 135 Buy predictions and 2 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 441 € there is a slightly positive potential of 16.71% for CrowdStrike Holdings Inc compared to the current price of 377.85 €.
