CrowdStrike (NASDAQ:CRWD) ranks among the handful of software stocks that JPMorgan highlighted as resilient to the AI threat sweeping the sector. In February, the bank noted that high switching costs and proven cybersecurity moats would shield names like CrowdStrike from rapid disruption, even as broader fears triggered a brutal “SaaS-pocalypse” selloff across the industry.
Shares initially plunged with peers during the broad sector selloff, but snapped back sharply after delivering strong results. Now, a fresh global partnership with Nebius Group (NASDAQ:NBIS) — the AI-cloud pure play that just soared on a massive Meta infrastructure deal — has lit a fuse under the CrowdStrike growth story. Yet with the stock still trading roughly 25% below its recent high, bargain hunters are asking if it is finally time to strike and buy CrowdStrike?
This post originally appeared at 24/7 Wall St.