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The Economic Times
The Economic Times

US stocks: CrowdStrike shares fall as 'Mythos moment' fails to cheer investors

CrowdStrike George Kurtz Cybersecurity Jaspreet Singh Netskope Palo Alto Networks

CrowdStrike shares slid 7% on Thursday after the company's quarterly forecasts failed to meet steep investor expectations, even ‌though demand ⁠for cybersecurity software ⁠was buoyed after Anthropic announced its Mythos AI model.

If the losses persist, the cybersecurity firm's market valuation of ​nearly $190 billion would shrink by $13 billion.

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