- CRWD
- NVDA
CrowdStrike (CRWD) stock is already having a huge 2026, but Nvidia CEO Jensen Huang just offered investors another reason to stay bullish. Speaking at a Goldman Sachs technology conference, Huang said cybersecurity could become the next major growth driver for artificial intelligence and described CrowdStrike as Nvidia’s (NVDA) “number one cybersecurity partner.”
That matters because the AI opportunity is expanding beyond chatbots and data centers. As companies deploy more AI agents, they also face a growing number of security risks. CrowdStrike is positioning its Falcon platform to capture that spending, potentially giving CRWD another growth engine after its powerful run this year.
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CrowdStrike’s Stock Has Already Rallied Over 100%
CrowdStrike shares have soared over 100% year-to-date (YTD). The rally shows improving business momentum as customers increasingly consolidate cybersecurity spending around CrowdStrike’s Falcon platform.
The company has also benefited from growing concern that AI will create more sophisticated cyber threats. Earlier this year, CRWD initially fell about 25% as investors worried AI could disrupt traditional cybersecurity models. Those concerns have since reversed as businesses appear more focused on using AI to defend against increasingly advanced attacks.
That shift could be important for CrowdStrike. More AI adoption could mean more demand for automated threat detection, identity protection, and agentic security tools.
Is CRWD Stock Too Expensive?
The biggest issue for investors is valuation. CRWD trades at roughly 44 times sales, well above its historical median of about 24.9 times and dramatically higher than the broader software industry average of around 2 times.
The stock also carries an enterprise-value-to-sales multiple near 34 times. That represents a steep premium to cybersecurity rival Zscaler (ZS), which trades at a much lower valuation despite similar growth characteristics.
In other words, investors are already pricing in substantial future growth. That does not automatically make CRWD stock a sell, but it does mean the company needs to continue delivering strong operating results for the premium valuation to hold.
