Nvidia stock has soared 715% since the beginning of 2023, making it very hard to ignore. The company has added $2.5 trillion to its valuation in that time, thanks entirely to red-hot demand for its data center chips designed for processing artificial intelligence (AI) workloads.
But the AI industry is expanding quickly, and investors have a growing number of opportunities to consider. CrowdStrike (NASDAQ: CRWD), for example, is a leader in AI-based cybersecurity, and its products have become an essential part of the software stack for businesses of all sizes.
Nvidia bears are a rare breed on Wall Street, but so are CrowdStrike bears right now. Here’s why it could be a great addition to any stock portfolio — even one that already includes Nvidia.
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CrowdStrike’s strategy is resonating with customers
The enterprise cybersecurity industry has a history of fragmentation. Different vendors often specialized in different areas — some excelled at cloud security, while others developed best-in-class identity security — so businesses had to piece products together from multiple providers. However, the industry is shifting, and cybersecurity vendors who can cover all bases with one platform are winning big.
That has been CrowdStrike’s strategy from the start. Its Falcon platform is a lightweight solution with 28 modules available to customers that cover cloud security, identity security, endpoint protection, exposure management, and more.
During the fiscal 2025 first quarter (ended April 30), CrowdStrike said 65% of its customers were using five or more modules. Plus, the number of customers who adopted eight modules soared by a whopping 95% compared to the year-ago period. It’s a clear sign organizations are rushing to consolidate their cybersecurity needs onto one platform.
It’s no surprise, considering a recent study by International Data Corporation (and sponsored by CrowdStrike) found that companies save $6 for every $1 they invest in the company’s platform. Additionally, CrowdStrike claims it can make security teams twice as effective with…
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