Why CrowdStrike Stock Is Sinking Today
CrowdStrike (NASDAQ: CRWD) stock is losing ground in a day of pullbacks for tech-sector valuations. The cybersecurity specialist's share price was down 2.7% as of 3:45 p.m. ET amid a 0.6% decline for the Nasdaq Composite index. The stock had been off as much as 6% earlier in the daily session.Investors are selling out of growth-dependent tech stocks ahead of Nvidia's fourth-quarter (Q4) report on Wednesday, and CrowdStrike is moving lower in conjunction with the market action. The stock is also falling in response to an analyst downgrade.Due to the company's importance in the artificial intelligence (AI) space, Nvidia's quarterly reports have become the most highly anticipated and influential releases when earnings season rolls around. The AI hardware leader's Q4 release is now just a couple of days away, and investors are reorienting their portfolios to brace for potential volatility if the results fail to wow Wall Street.Continue reading
CrowdStrike (NASDAQ: CRWD) stock is losing ground in a day of pullbacks for tech-sector valuations. The cybersecurity specialist's share price was down 2.7% as of 3:45 p.m. ET amid a 0.6% decline for the Nasdaq Composite index. The stock had been off as much as 6% earlier in the daily session.
Investors are selling out of growth-dependent tech stocks ahead of Nvidia's fourth-quarter (Q4) report on Wednesday, and CrowdStrike is moving lower in conjunction with the market action. The stock is also falling in response to an analyst downgrade.
Due to the company's importance in the artificial intelligence (AI) space, Nvidia's quarterly reports have become the most highly anticipated and influential releases when earnings season rolls around. The AI hardware leader's Q4 release is now just a couple of days away, and investors are reorienting their portfolios to brace for potential volatility if the results fail to wow Wall Street.
