Rubrik: Plenty Of Steam In This Rally As AI Security Concerns Grow

Gary Alexander 34.45K Followers Follow Summary Rubrik stands out as a compelling cybersecurity play amid heightened AI regulation and macro risks. Recent Q2 results were stellar, with RBRK rebounding nearly 2x from YTD lows and continuing its rally. I reiterate my buy rating, emphasizing robust demand as IT leaders prioritize cybersecurity upgrades in response to AI-driven threats. RBRK’s long-term 2029 TAM has been significantly upsized, underscoring a vast growth runway. hapabapa/iStock Editorial via Getty Images Right now, there are many catalysts floating around in the macro that carry the risk of derailing this year's stock market rally. Rising yields, the ongoing Iran conflict, and rising oil prices are all powerful downside catalysts, but perhaps the This article was written by Gary Alexander 34.45K Followers Follow With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood. Analyst’s Disclosure: I/we have a beneficial long position in the shares of RBRK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.