Octa and Cloutstrike.
Jonathan Rahr | Nicholas Kokobris | Null Photo | Getty Images
Cybersecurity stocks soared on Tuesday IBM CEO Arvind Krishna noted in the company’s preliminary second quarter results that cyber anxiety is a top priority for customers.
Krishna said that during this period, customers shifted their spending to servers and memory, and “rapidly evolving industry-wide cybersecurity concerns” distracted customers.
The rise of advanced artificial intelligence models such as humanThe myth sparked public anxiety on Wall Street and concerns about faster and more sophisticated cyberattacks.
Krishna told CNBC’s Sarah Eisen on Tuesday that some major deals were put on hold toward the end of the quarter as companies reconsidered their spending.
“Myths are causing people to pause and say, ‘Wait, how much do we need to spend on cyber?’ They’re pausing new deals until they figure that out,” Krishna told Eisen on Tuesday. “We do not believe that our software is being disrupted by AI at all.”
Octa, netscope and cloud strike Each increased sharply by about 10%, sail point, Z scaler and sentinel one Each rose about 8%. palo alto networks Approximately 7%.
5-day stock charts for cybersecurity stocks: Okta, NetSkope, CorwdStrike, SailPoint, Zscaler, SentinelOne.
