News · CNBC

CrowdStrike CEO's alarming prediction — plus, the sell-off spreads beyond tech

US stocks fell Friday as selling spread beyond tech, with the Dow down more than 1%; only cybersecurity, chip and energy stocks were up. Oil surged on Middle East tensions, with WTI above $103 a barrel and Brent topping $116, a six-month high, keeping inflation worries high before next week's Fed meeting. CME FedWatch shows just over 10% odds of a rate hike on Wednesday but nearly 78% odds of a December increase. The article says AI can exploit flaws in PHP, used on nearly 70% of websites, and CrowdStrike CEO George Kurtz warned of many breaches in the coming months, noting that AI-powered attacks observed by the firm doubled each month from July through September. The portfolio trimmed CrowdStrike to 4.25% from nearly 5% after a strong rally, securing a gain of roughly 187% on shares bought in late 2024.

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