[DEVELOPING] Cybersecurity decouples from the chip selloff as CrowdStrike and Palo Alto trade higher
As chipmakers sank on the frontier-slowdown call, CrowdStrike and Palo Alto Networks rose, with investors treating security software as a distinct AI trade less tied to training the next model and more to enterprise anxiety over what deployed models and agents can already do. The framing followed a fresh Revolut breach and Palo Alto's Sept 1 Q4 report, which beat on revenue (+34% y/y) and raised its outlook even as the stock fell 8% on a lighter next-gen-security ARR metric. CrowdStrike posted record net-new ARR of $332.8M and lifted its full-year revenue view toward ~$6B.