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Businesses are spending more on cybersecurity, the tools and practices that protect digital systems from attack, as artificial intelligence spreads, and that demand is showing up in company results.
Okta's stock skyrocketed 27% and CrowdStrike's surged 18% after both firms posted earnings that reflected rising AI-related demand. Here is what that means in plain terms.
As companies adopt AI, they bring more software, data pipelines, and connected systems into their operations. Each of those additions expands what needs to be protected.
The threat surface grows, and spending on protection grows with it. That spending is reaching companies such as CrowdStrike and Okta.
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