CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares are trading higher Wednesday. Concerns over potential Iranian cyberattacks may have pushed investor interest toward cybersecurity stocks.
What To Know: The move follows comments from Federal Reserve Chair Jerome Powell during a congressional hearing, where he acknowledged that the Fed is on high alert for possible retaliation from Iran in the form of cyberattacks. This comes after recent U.S. military strikes on Iranian nuclear sites, which have increased geopolitical tensions and heightened the risk of digital retaliation.
