The S&P 500 (SNPINDEX: ^GSPC) has reversed course and ripped 18% higher this year as investor sentiment has improved in response to signals of economic resilience and enthusiasm surrounding artificial intelligence (AI). That leaves the index just 5% from a record high, meaning stocks have nearly clawed their way back to bull market territory.
Looking ahead, AI will almost certainly be a defining trend of the next bull market. Several Wall Street strategists have cited AI for recent upward revisions in their S&P 500 price targets, and Ark Invest says AI software revenue will increase at 42% annually to reach $14 trillion by 2030.
Cybersecurity company CrowdStrike (NASDAQ: CRWD) is sure to benefit from that trend. Here’s what investors should know.