CrowdStrike Stock Hits Record High Following DeepSeek Cyberattack

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Key Takeaways

• CrowdStrike Holdings stock reached a record high on Tuesday after a cyberattack occurred at Chinese AI startup DeepSearch.
• The attack comes after tech stocks dropped on Monday on news that DeepSeek's AI assistant runs on lower-end chips and at a lower cost than U.S. rivals, such as OpenAI.
• Shares of other cybersecurity companies, such as CloudFlare, Zscaler, and Palo Alto Networks, also climbed on Tuesday.

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Monday was the day when investors were processing the company's claim that it can develop its AI assistant using less advanced computer chips and at a lower cost than those used by U.S. rivals, such as OpenAI.

Increased by more than 2%.

CrowdStrike Achieves a Perfect Score in Ransomware Detection Test

The company stated on Tuesday that its test was a success. The platform blocked all identified threats, including unknown ones, without flagging any legitimate activity as malicious, thus achieving the highest rating from the cybersecurity testing firm SE Labs.

CrowdStrike had a price target of $400 on it in a report on Tuesday, which is below the company's current stock price, which recently reached a record high of $410.

top contenders to take advantage of the securing of AI infrastructure and data.

Shares of CrowdStrike have increased by approximately 40% over the past 12 months.

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