According to Australian web security specialist Troy Hunt, the global IT infrastructure outage today is looking to be the “largest IT outage in history.” Reminiscing on the Y2K craze that never materialized, Troy noted that it is “basically what we were all worried about with Y2K, except it’s actually happened this time.”and caused disruptions in emergency services, banking, retail, healthcare, and telecoms.
Yet, given the cost-benefits, a shift to localized services from cloud-based solutions is unlikely. It is more likely that other cybersecurity companies will step in and nibble on CrowdStrike’s dominant 23.88% market share. Here are three stocks that could benefit.) is one of the primary beneficiaries of the AI narrative. In fact, on a one-year timeline, AVGO stock outperformed even Taiwan Semiconductor Manufacturing at 80% vs 62% respectively.
However, CrowdStrike is often regarded as simpler to use and easier to deploy. After the recent debacle, that may become a less mitigating factor as Broadcom’s cybersecurity division ups the game.) holds an estimated 4.9% share in the networking hardware market while sharing a dominant position in the firewall market at 21% with Palo Alto Networks holds a narrowly dominant market share in the firewall market.
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