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CrowdStrike has always been an AI-first company.
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Crowdstrike's cybersecurity solutions are used by 300 Fortune 500 companies.
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The total addressable market for AI-Native cybersecurity solutions is expected to reach $250 billion by 2029.
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10 stocks I like more than Cloud Strike›
Artificial intelligence (AI) is not a new technology, but it has undoubtedly created more splashes over the past few years. Cybersecurity company Cloud Strike (NASDAQ: CRWD) It has been using AI since its inception in 2011, and this year it has increased by 38% until September 25th.
Crowdstrike shares have challenged a price-to-sell ratio of around 27 after a recent rally, but with the growing need for cybersecurity solutions, it is one of the smartest AI stocks owned by long-term investors, and still owns the leadership role that Cloudstrike plays in the industry.
Crowdstrike has always been an AI-Native platform, and the years of data that has been collected and used to train models have made many of the world's largest and most important businesses the top and cybersecurity platform. It is used by 300 companies, from 543 Fortune 500 and Fortune 1,000 companies, and Crowdstrike says eight of the top 10 technology and financial services companies rely on it.
As the world becomes more digitally connected, the importance of cybersecurity is growing rapidly – and so is market opportunities. CrowdStrike estimates the total addressable market (TAM) for the AI-Native Security Platform this year is $116 billion. By 2029, we hope that TAM will jump to $250 billion.
With cloud strikes immersed in the core security infrastructure of many companies, the logistics and financial burdens associated with switching providers are set as key players in the industry for continuous, high growth.
Consider this before purchasing inventory on Cloud Strike.
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