[DEVELOPING] Security software holds its bid a second session as the AI-risk rotation reprices CrowdStrike and Palo Alto
The rotation out of AI hardware and into cybersecurity that began on the Sept 14 frontier-slowdown scare carried into a second session, with sell-side desks reframing security software as the near-term beneficiary of enterprise anxiety over what deployed models and autonomous agents can already do. CrowdStrike traded through the $233.88 level with $239.46 in focus after its ~14% pop, and Palo Alto held near $373 while chipmakers stayed heavy; the thesis is that more capable AI multiplies the identities, permissions and machine credentials that runtime security must police. Watch whether the bid survives once the frontier-safety headlines fade and the Fed decision lands this week.