Fortinet stock hits new high on AI security moves
Fortinet shares closed at a record $122.78 on Friday, up 0.75%, defying a 1.5% drop in the Nasdaq composite. The stock rose 7.6% for the week, boosted by strong first-quarter results and an AI-security partnership with Nvidia. Trading volume reached about 5.5 million shares. U.S. markets are closed for the weekend; Fortinet will present at J.P. Morgan’s technology conference on Tuesday.