CrowdStrike Holdings, Inc. (NASDAQ:CRWD), the leader in AI-driven endpoint and cloud workload protection, stands out among top 14 AI stocks on Wall Street. However, a recent development involving Elon Musk’s bid to acquire non-profit organization OpenAI has raised concerns about its potential impact on the charity’s mission.
Musk’s lawyers have stated that they will withdraw their $97.4 billion bid if OpenAI drops its plans to become a for-profit entity. This move is seen as an attempt to preserve the charity’s mission and structure. Meanwhile, OpenAI has argued that Musk’s bid contradicts his claims about the startup’s assets not being transferable for private gain.
The situation highlights the tension between Musk’s personal interests and OpenAI’s mission to develop artificial intelligence (AI) benefits all of humanity. As a leader in AI-driven endpoint protection, CrowdStrike Holdings is among the top stocks to watch in this space.
Analysts have recently raised their price targets on CRWD, citing improving sentiment for software stocks and growing demand for cybersecurity solutions. With 74 hedge fund holders, CrowdStrike Holdings is a popular choice among investors seeking to capitalize on the AI trend. However, its stock performance may not be as promising as some other options in this space.
In our analysis of top AI stocks, CRWD ranks 12th and is considered more of a mid-tier option compared to other stocks on our list. Nevertheless, it remains an attractive choice for investors looking to tap into the growing AI market.
Source: https://finance.yahoo.com/news/mizuho-truist-raise-crowdstrike-holdings-155030431.html