AI-agent security fears lift cybersecurity shares to fresh records
The cybersecurity ETF reached a record as major holdings climbed and warnings about rogue AI agents renewed attention on security spending.
Key takeaways
- CIBR reached an all-time high on Monday, while the Nasdaq Composite also set a record.
- Morgan Stanley analysts expect cybersecurity software spending to grow 23% annually through 2028.
The First Trust Cybersecurity ETF (CIBR) reached an all-time high on Monday, as the Nasdaq Composite also set a record. At Monday’s close, CIBR stood at $106.01, up 1.25%.
The fund’s main holdings, CrowdStrike, Palo Alto Networks and Fortinet, were near their own records. The stocks had risen 132%, 131% and 97%, respectively, according to the article.
Warnings from leaders at Anthropic and OpenAI helped spur a cybersecurity rally last month. Zscaler CEO Jay Chaudhuri told Yahoo Finance, “Agents going rogue is the biggest risk today.”
Morgan Stanley analysts said AI safety concerns could support cybersecurity spending. They expect corporate spending on cybersecurity software to grow 23% annually through 2028, potentially reaching 33% if major attacks prompt new government mandates.
This article was produced with the help of AI technology. Source: Yahoo Finance
