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Security stocks jump on AI attack fears; CrowdStrike, Palo Alto hit record highs

Shares of CrowdStrike and Palo Alto Networks rose more than 5 percent on Aug. 10, both hitting record highs. Buying spread across the sector as demand for AI security tools grew, CNBC reported. BTIG said AI agents are reshaping the threat landscape and the attack environment has worsened, while adoption of AI security tools remains early. BTIG raised price targets for Palo Alto, CrowdStrike and Rubrik.