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Cybersecurity stocks plummet in Thursday market selloff
Cybersecurity firms including CrowdStrike saw sharp declines during Thursday's market selloff. Pressure mounted from reports of a series of infrastructure attacks dubbed "Black October" and news of new AI tools capable of disrupting markets. The sector has been richly valued for some time, making it vulnerable to broader market correction. Analysts say the combination of macroeconomic concerns and sector-specific bad news triggered an especially severe drop.
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