Sign up for our free daily newsletter
Get the latest news and some fun stuff
in your inbox every day
CrowdStrike has had a phenomenal 12 months, up nearly 150% since January 2023. Up until September, it was tracking the Nasdaq but then exploded higher in the last three months of the year. As it turns out, this business is one of the best direct AI plays on the market.
CrowdStrike uses a lot of AI technology in its cybersecurity software. But the real reason for the surge is because all these new AI companies coming online need to make sure their own businesses are secure. It is absolutely crucial for their survival.
Cybersecurity is currently at the forefront of the regulatory environment. The SEC now requires mandatory reporting of material breaches within four business days for all listed businesses. Annual reviews detailing how each company manages cyber security are also required.
Despite the recent share price rally, we do not think it is too late to buy this business, in fact, the shares are only now back at the highs reached in November 2021.
