Autocallable BRC on Palo Alto and Crowdstrike

At the Goldman Sachs Technology Conference on September 10, Nvidia CEO Jensen Huang described cybersecurity as “likely the next major use case of AI”, highlighting that AI-driven software development is expanding attack surfaces and increasing the need for AI-native security solutions. A new investment cycle is emerging, supported by growing enterprise AI adoption and increasing security budgets. Strong earnings results from leading players such as CrowdStrike and Palo Alto Networks confirm robust demand and continued growth.

M&A activity and private capital investment are accelerating, highlighting strategic interest in the sector and confidence in long-term growth prospects. Additionally, market performance has been exceptional with cybersecurity ETFs up more than 50% YTD, reflecting strong momentum but also implying higher valuations and volatility.

Palo Alto (PANW)

Shares jumped 14% on September 14, marking their biggest one-day gain since April 2025, as investors shifted from semiconductor stocks into software companies and growing concerns around AI safety boosted interest in cybersecurity. Trading volume was about three times higher than normal. On the company side, Palo Alto Networks (PANW) agreed to acquire Console for about USD 500 million in cash and stock, expanding its platform capabilities while maintaining strong cash generation. The company will also join the S&P 100 Index on September 21. Analyst sentiment remains broadly positive.

Crowdstrike (CRWD)

CrowdStrike (CRWD) shares jumped 15% on September 14, closing at a record high of USD 238.16. Trading activity was very strong, with volume nearly three times above normal levels, as investors moved into cybersecurity and software stocks amid growing concerns about AI safety. Options trading was also much higher than usual. The share price kept moving up over the next few days, reaching around USD 243 by September 16.  

In this context, we present the following opportunity: Autocallable BRC on Palo Alto and Crowdstrike