Morgan Stanley has named four cybersecurity stocks it expects to gain from the increasing use of artificial intelligence.
The investment bank said Palo Alto Networks , Microsoft , Fortinet , and CrowdStrike are set to benefit from a potential $30 billion opportunity AI is expected to unlock in cybersecurity.
This trend indicates that there could be a cybersecurity workforce shortage of around 3.4 million people, according to the ISC.
They calculated their estimated $30 billion opportunity by talking to more than 20 chief investment security officers and IT security experts.
They found that tasks that can be automated currently occupy between 20-40% of a security analyst's time.
Persons:
Morgan Stanley, Mogan Stanley, Hamza Fodderwala, PANW, FTNT
Organizations:
Palo Alto Networks, Microsoft, Information, ISC
Locations:
Palo, cybersecurity