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December 20, 2023 | International, Defence and Security

Why cybersecurity is a top play during AI race: Strategist

Tech remains one of the most dominant sectors for Wall Street as Magnificent Seven tech stocks occupy about 27% of the S&P 500's (^GSPC) market value. AI was at the center of discussion for these companies, with plans on expanding investments in AI to be incorporated into their products and business models.  Hennion & Walsh CIO Kevin Mahn joins Yahoo Finance to discuss why he advises investors to consider tech stocks for 2024 and why cybersecurity stocks will be equally as important when making that consideration. "I do think what's been lost in the AI race is the importance of cybersecurity, which I always call the glue that holds the technology puzzle together," Mahn states. "In fact, many have argued that the proliferation of AI could actually increase the number and the effectiveness of cyberattacks across the world. So you're going to need more AI to help combat AI-generated cyber attacks." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

https://finance.yahoo.com/video/why-cybersecurity-top-play-during-211332630.html

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