HACK

The Week

ETFMG Prime Cyber Security ETF rose 6.24% this week to close at $130.76, outpacing the S&P 500 by about 5.09 percentage points. The week firmed from a soft Monday open into a strong Friday finish, with the price touching $130.79 intraday, near the top of its 60-day range. Average daily volume of roughly 375,000 shares ran about 43.5% above the 10-week median, so the rally was backed by activity.

Sector News

Cyber security news flow was heavy, centred on agentic AI and AI security. Zscaler’s investor day on Wednesday outlined a path to $8 billion in annual recurring revenue, with upside to $10 billion, after which several brokers reiterated buy or outperform ratings with targets ranging from $235 to $265. CrowdStrike, Fortinet and Palo Alto Networks also drew attention through the Rubrik partnership, a one-year high and insider selling. The sector saw a mix of rating upgrades, product launches, valuation concerns and insider disposals.

The Week Ahead

The macro calendar turns to US CPI and core CPI on Wednesday 14 October. Core CPI is forecast at 2.5% versus 2.4% previously, while CPI is forecast at 3.7% versus 3.4%. Tuesday 13 October brings NFIB small business sentiment and existing home sales. The data will shape rate path expectations and risk appetite for tech and growth names, with cyber stocks leaning sensitive to those swings.

In Short

The ETF closed the week at the top of its range on rising volume, while the AI security theme kept sector news lively and broker ratings broadly constructive. That said, insider selling and valuation debates sat alongside the strength, leaving the sector divided. The next signal to watch is whether the CPI prints shift risk appetite and whether the AI security narrative flows through to earnings.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.