CrowdStrike (CRWD) stock rises as JPMorgan flags ‘AI-disruption’ selloff as overdone
CrowdStrike shares rose 2.2% to $417.09 in afternoon trading Tuesday, leading gains in cybersecurity stocks. The move follows a steep slide in software valuations tied to AI disruption fears, with strategists at JPMorgan and Morgan Stanley calling the drop sentiment-driven. Investors are watching for CrowdStrike’s fiscal Q4 results due March 3. Thirty-day implied volatility in tech software ETFs remains near 10-month highs.