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Why CrowdStrike and cybersecurity stocks got crunched in Thursday’s rout

Why CrowdStrike and cybersecurity stocks got crunched in Thursday’s rout
MarketWatch Thursday 05 November 2026, 21:12 UTC By Christine Ji 1 min read
Key Points

Tech Stocks Why CrowdStrike and cybersecurity stocks got crunched in Thursday’s rout Highflying cybersecurity names take a beating from broader market concerns as well as ‘Black October’ infrastructure hacks and news about AI disruptors Cybersecurity names were once seen as a resilient corner of the software sector, positioned to benefit from the artificial-intelligence boom instead of being disrupted. But as a widespread selloff gripped tech stocks and broader markets on Thursday,...

Tech Stocks Why CrowdStrike and cybersecurity stocks got crunched in Thursday’s rout Highflying cybersecurity names take a beating from broader market concerns as well as ‘Black October’ infrastructure hacks and news about AI disruptors Cybersecurity names were once seen as a resilient corner of the software sector, positioned to benefit from the artificial-intelligence boom instead of being disrupted. But as a widespread selloff gripped tech stocks and broader markets on Thursday, cybersecurity companies were feeling the heat as well. Shares of CrowdStrike CRWD and Okta OKTA fell around 10%, while Cloudflare NET dropped 8%. Palo Alto Networks PANW fell 9.6%. These declines were significantly steeper than the 4.4% loss posted by the iShares Expanded Tech-Software Sector ETF IGV.
AI (ORG) Cybersecurity (ORG) Okta OKTA (PERSON) Cloudflare NET (ORG) Palo Alto Networks (ORG) the iShares Expanded Tech-Software Sector ETF IGV (ORG)
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