Trade Radar | The Surging Demand for Cybersecurity in the Age of AI
Another Weekly Session with Loui, M+ Online Head of Research.
The Birth of ChatGPT - ChatGPT has been a game-changer in AI. Now, it's everywhere, revolutionizing customer support and content creation. The journey from in January till now shows how AI is shaking things up and making us think about the future.
Increasing Use of AI - AI and machine learning are being increasingly used in various sectors, including finance. They automate tasks, crunch data, improve cybersecurity, and make decisions at a speed that would be impossible for humans. The global market of AI in cybersecurity is expected to grow at a CAGR of 23.6% from 2020 to 2027, reaching $46.3bn. - Artificial Intelligence and Cybersecurity: What the Future Holds
AI and Cybersecurity - With the rising usage of AI, the volume of data that needs to be analyzed to identify and mitigate cyber threats increases, which led to higher demand for advanced cybersecurity measures. In fact, 76% of enterprises have prioritized AI and machine learning in their IT budgets. - How AI Is Disrupting And Transforming The Cybersecurity Landscape
AI-Driven Cybersecurity Market Growth - The AI-based cybersecurity market is expected to grow by $19bn from 2021 to 2025. This growth is driven by the increased complexity of enterprise networking environments, which often include a mix of legacy, on-premises infrastructure, and cloud resources, all of which need to be accessed remotely. Trends in Artificial Intelligence (AI) in Cybersecurity
Given these new developments in the AI, we believe some focus could shift to the Cybersecurity space.
We are positive on the AI as well as the cybersecurity space, these are some of the tickers for you and start riding the wave in AI and cybersecurity in the M+ Global App!
| ETF Name | Last Closing (USD) | 1-month Total Return (%) | 3-month Total Return (%) | |
| CIBR | $First Trust Exch Traded Fund 2 Nasdaq Cybersecurity ETF CIBR$ | 46.25 | 5.14 | 1.24 |
| HACK | $ETF Managers Trust HACK$ | 51.97 | 5.01 | 1.82 |
| Stock Name | Last Closing (USD) | 1-month Total Return (%) | 3-month Total Return (%) | |
| PANW | $Palo Alto Networks, Inc. PANW$ | 239.89 | 14.4 | -2.69 |
| FTNT | $Fortinet, Inc. FTNT$ | 60.45 | 5.76 | -16.94 |
| CSCO | $Cisco Systems, Inc. CSCO$ | 56.11 | 1.94 | 8.57 |
| CRWD | $CrowdStrike Holdings CRWD$ | 166.97 | 13.74 | 7.63 |
(Source: Bloomberg)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
More about the Trade Radar:
Trade Radar is a weekly-updated section, featuring Loui's latest insights into market trends and hot topics. Traders may find some trading inspiration from Loui's views.
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