{"id":526130,"date":"2026-07-14T19:56:11","date_gmt":"2026-07-14T19:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/526130\/"},"modified":"2026-07-14T19:56:11","modified_gmt":"2026-07-14T19:56:11","slug":"cyber-stocks-rally-on-ai-spending-change-comments-from-ibms-krishna","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/526130\/","title":{"rendered":"Cyber stocks rally on AI spending change comments from IBM’s Krishna"},"content":{"rendered":"

Okta and Crowtstrike.<\/p>\n

Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images<\/p>\n

Cybersecurity stocks jumped on Tuesday after IBM<\/a> CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company’s preliminary<\/a> second-quarter<\/a> results.<\/p>\n

During the period, Krishna said customers shifted spending to servers and memory and that “rapidly-evolving, industry-wide cybersecurity concerns” distracted customers.<\/p>\n

The rise of advanced artificial intelligence<\/a> models such as Anthropic<\/a>‘s Mythos has spurred mass anxiety on Wall Street and worries of quicker, more sophisticated cyberattacks. <\/p>\n

Krishna told CNBC’s Sara Eisen<\/a> on Tuesday that some major deals were put on hold toward the end of the quarter as businesses rethink spending.<\/p>\n

“Mythos is making people pause to say, wait, how much do I need to spend on cyber? They’re pausing on new deals until they know,” Krishna told Eisen Tuesday. “We don’t see our software being disrupted by AI at all.”<\/p>\n

Okta<\/a>, Netskope<\/a> and CrowdStrike<\/a> skyrocketed about 10% each, while SailPoint<\/a>, Zscaler<\/a> and SentinelOne<\/a> surged about 8% each. Palo Alto Networks<\/a> about 7%. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

5-day stock chart of cybersecurity stocks: Okta, NetSkope, CorwdStrike, SailPoint, Zscaler, and SentinelOne.<\/p>\n

\"IBMChoose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Okta and Crowtstrike. Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images Cybersecurity stocks jumped on Tuesday…\n","protected":false},"author":2,"featured_media":526131,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,6166,363,364,7946,2339,4562,553,23055,1510,193587,164514,169663,4566,220,260251,111,139,69,164516,28993,260252,164515,145,164513],"class_list":["post-526130","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-anthropic","tag-artificial-intelligence","tag-artificialintelligence","tag-arvind-krishna","tag-breaking-news-markets","tag-breaking-news-technology","tag-business-news","tag-crowdstrike-holdings-inc","tag-cybersecurity","tag-etfmg-prime-cyber-security-etf","tag-first-trust-nasdaq-cybersecurity-etf","tag-global-x-cybersecurity-etf","tag-international-business-machines-corp","tag-markets","tag-netskope-inc","tag-new-zealand","tag-newzealand","tag-nz","tag-okta-inc","tag-palo-alto-networks-inc","tag-sailpoint-inc","tag-sentinelone-inc","tag-technology","tag-zscaler-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/526130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=526130"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/526130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/526131"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=526130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=526130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=526130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}