Piper Sandler称AI对网络安全股更多是机会而非威胁

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Investing.com — Concerns that artificial intelligence labs could disrupt the cybersecurity industry are likely overdone, with incumbent vendors positioned to benefit from the next wave of AI-driven spending rather than be displaced, according to a industry note from Piper Sandler .
Sentiment across security stocks weakened after Anthropic unveiled a limited preview of “Claude Code Security,” sparking debate about whether large language model providers could encroach on core cyber defenses. However, the analysts argue that AI presents more opportunity than structural threat to established players .
The note outlines four key reasons for this view.
First, efficacy remains paramount in security. Because large language models are inherently non-deterministic and can hallucinate, they are unlikely to replace core detection engines where accuracy must approach 100%.
Second, scaling AI-powered security operations requires vast proprietary datasets. Established companies have years of security data and experience, giving them a strong advantage that’s hard for new entrants to match.
Third, traditional AI and machine learning have been embedded in cybersecurity products for over a decade. Companies in coverage have collectively spent more than $32 billion in R&D since 2020, reinforcing technical defensibility .
Finally, generative AI introduces a new attack surface, potentially expanding the total addressable market. Security spending tied to GenAI could exceed $6 billion by 2030 if it reaches roughly 6.5% of projected model spending .
With security software valuations near multi-year lows, the firm sees selective opportunity, favoring Palo Alto Networks Inc (NASDAQ:PANW), Check Point Software Technologies Ltd (NASDAQ:CHKP) and Netskope Inc (NASDAQ:NTSK).