10 AI News Updates Making Headlines Right Now

3. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in cloud-delivered cybersecurity solutions. It provides endpoint protection, threat intelligence, and incident response services. The company’s Falcon platform protects over 300,000 global customers by leveraging AI and machine learning to detect and prevent real-time cyber threats. On February 3rd, analysts at Baird downgraded the stock to a Neutral from Outperform but raised the price target to $430 from $390.

The downgrade comes amid growing concerns that the cybersecurity firm has outperformed over the past six months, which may limit near-term gains. Nevertheless, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has moved to strengthen its long-term prospects with a suite of AI-driven detection and response capabilities eliciting strong interest in cybersecurity.

The stock has already risen to all-time highs amid growing expectations that it will be one of the biggest beneficiaries of strong demand for cybersecurity solutions as AI-triggered attacks escalate. CrowdStrike Falcon cybersecurity has already proven to be more than capable of detecting and thwarting attacks.