Okta's stock skyrockets 20%, CrowdStrike's surges 15% as rising AI threat boosts earnings

Cybersecurity companies like CrowdStrike and Okta are experiencing major stock gains as businesses increase spending on security tools to defend against AI-driven attacks. AI agents (autonomous software systems powered by AI) are generating more cyberattacks, pushing companies to expand their security stacks (collections of security tools), with identity security tools being particularly valuable for managing the growth in AI agents.