Cybersecurity Stocks Fall in Tech Rout Despite Record Binance Hack

Cybersecurity stocks fell in Friday's broad tech selloff despite a $6.3 billion Binance hack that would normally boost the sector. CrowdStrike -5.6%, Palo Alto -5%, Zscaler -5.5%, Cloudflare -10.8%. The CIBR ETF lost 4.8%. The selloff was driven by AI spending cash-flow fears from Amazon and Intel earnings. Intel crashed 30%. Analysts remain bullish on cybersecurity but note extreme valuations.