The deeper story here is that AI doesn’t just create demand for more compute; it also expands the attack surface and increases the value of protecting data. That makes cybersecurity less of a “side trade” to AI and more of an infrastructure layer supporting its adoption.

CRWD stands out because its record $333M net-new ARR, up 51% YoY, points to strong enterprise demand. RBRK offers a different angle: as companies deploy more AI, data recovery and cyber resilience become increasingly important.

What makes this theme interesting is its potential durability. Compute spending can be cyclical, but once AI becomes embedded in business operations, security and data protection become increasingly difficult to cut.

For me, the key question is no longer simply “Who sells the GPUs?” It is “Who protects the AI ecosystem being built on top of them?”

@TigerPicks [龇牙]