Option chain shows key data for P3 Health Partners's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for P3 Health Partners.

P3 Health Partners (NASDAQ:PIII) Stock, Option Chain

P3 Health Partners

P3 Health Partners Inc is a patient-centered and physician-led population health management company. P3's model aggregates and supports the community's existing healthcare resources to build a network of community providers working together to deliver coordinated and integrated care to patients with a shared commitment to improving patient outcomes, lowering cost, and delivering experience for all.

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Shares of  Clover Health Investments, Corp. (NASDAQ: CLOV) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance.

Why Clover Health Investments Shares Are Trading Higher By 11%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

P3 Health Partners Inc. - Class A Common Stock

P3 Health Partners Inc

WHLR

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

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Meme coin Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is one of the cryptocurrencies that have traded higher since Donald Trump won the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41778425/bitcoins-all-time-high-a-groundbreaking-milestone-and-strong-post-election-rally-coming-ex">2024 presidential election.</a>
The cryptocurrency trades well off of all-time highs, but Benzinga readers think the coin could go higher over the next year.
What Happened: Shiba Inu continues to see a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42034692/dogecoin-killer-shiba-inu-burn-rate-skyrockets-6223-what-is-going-on">high burn rate</a>, an event that can increase the price of the cryptocurrency with a lower supply available.
While Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit new all-time highs and continues to trade higher after the 2024 election, Shiba Inu lost momentum. The cryptocurrency, which is the 11th largest by market capitalization, is down 10.5% over the past seven days with a current trading price of $0.00002457.
"Do you think Shiba Inu can reach one cent by the end of 2025," Benzinga recently asked readers.
The results were:
<ul>
<li>Yes: 47%</li>
<li>No: 53%</li>
</ul>
The Benzinga poll was nearly evenly split with 47% of readers saying they think Shiba Inu could hit one cent by the end of 2025.
Given the coin's low price currently, a move to one cent would drastically increase the valuation of the coin and is not likely without some increased burning to the supply.
For context, a $1 investment today could buy 40.700.04 SHIB. If Shiba Inu coin hit one cent, the $1 investment would turn into $407 and be up 40,600%.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41951961/bitcoin-to-100k-benzinga-readers-predict-if-btc-can-hit-new-milestone-before-end-of-2024">Bitcoin To $100K? Benzinga Readers Predict If BTC Can Hit New Milestone Before End Of 2024</a>
Why It's Important: Shiba Inu launched as a similarly themed cryptocurrency to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41078941/if-you-invested-100-in-shiba-inu-when-the-coin-launched-heres-how-much-youd-have-now">in August 2020.</a> The coin leveraged the Ethereum network and created a decentralized exchange called ShibaSwap, which includes other tokens like BONE and LEASH.
Shiba hit an all-time high of $0.00008845 in October 2021. The coin was helped by the inclusion on several major cryptocurrency platforms like Coinbase, Kraken&nbsp;and&nbsp;Robinhood&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/04/26588234/shiba-inu-solana-polygon-and-compound-land-on-robinhood-what-you-need-to-know" target="_blank" rel="noreferrer noopener">in 2021 and 2022.</a>
Prior to then, it was harder for investors to buy Shiba Inu.
In September, Shiba Inu coin had a rally on news that a stablecoin called SHI could be launching. The launch of a stablecoin and the increasing burn rate of SHIB could point to increased attention on the meme coin in the coming months.
Another <a href="https://www.benzinga.com/24/11/42018208/bitcoin-ethereum-dogecoin-pepe-shiba-inu-benzinga-readers-pick-this-crypto-to-have-the-biggest-gain-before-end-of-2025">recent Benzinga poll </a>didn't have the same optimism for Shiba Inu coin compared to some other cryptocurrencies. Shiba Inu was picked last of the coins Bitcoin, Ethereum, Dogecoin, Shiba Inu and Pepe coin for which cryptocurrency would have the best return between now and the end of 2025.
Bitcoin won that poll with 40%, followed closely by Dogecoin at 36%. Shiba Inu coin ranked last at 7%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41945659/dogecoin-to-69-cents-or-1-benzinga-readers-predict-how-high-it-could-fly-by-end-of-2024">Dogecoin To 69 Cents Or $1? Benzinga Readers Predict How High It Could Fly By End Of 2024</a></li>
</ul>
The study was conducted by Benzinga from Nov. 11 through Nov. 12, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 47 adults.
Meme coins are among the topics to be explored at Benzinga's upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Photo: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Exclusives

$BTC

$DOGE

$SHIB

Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…

President-elect Donald Trump seemingly agreed that military resources will be used to <a href="https://www.benzinga.com/topic/immigration">deport undocumented immigrants</a>.
What Happened: Trump's confirmation came via a repost on social media. Conservative activist Tom Fitton claimed the incoming administration will deploy military assets for a mass deportation program.
Trump's responded with the caption: "TRUE!!!" 
The statement aligns with earlier plans sketched out by Trump&#8217;s nativist advisors, including Stephen Miller and Tom Homan.
Miller and Homan, Trump&#8217;s border czar and former acting director of the U.S. Immigration and Customs Enforcement, devised the deterrence program to separate <a href="https://www.benzinga.com/news/23/05/32387527/nikki-haley-rejects-trumps-migrant-policy-to-separate-children-from-parents-should-never-get-to-that">thousands of immigrant families</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HUGE: President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@RealDonaldTrump</a> confirms he is prepared to declare a national emergency and use the military assets to reverse the Biden invasion. <a href="https://t.co/XnqW121GnQ">pic.twitter.com/XnqW121GnQ</a>
&mdash; Tom Fitton (@TomFitton) <a href="https://twitter.com/TomFitton/status/1858487964516438088?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42027218/could-trumps-housing-plans-reshape-the-real-estate-market">Could Trump&#8217;s Housing Plans Reshape The Real Estate Market?</a>
Why It Matters: Miller, Trump&#8217;s deputy chief of staff, previously proposed using military funds to construct large-scale holding facilities for immigrants.
On Nov. 7, the day Trump&#8217;s<a href="https://www.benzinga.com/topic/2024-election"> re-election was confirmed</a>, stock opportunists pounced. The <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">share prices of major prison stocks</a> — Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) — spiked. 
Geo and CoreCivic both closed in the red Monday, down 0.83% and 1.03%, respectively.
Trump&#8217;s critics warn his deportation plans will likely lead to families being broken up and force taxpayers to shoulder the billions it will cost to <a href="https://www.benzinga.com/startups/24/11/41722059/trumps-deportation-plan-faces-criticism-as-taxpayers-shoulder-the-billions-while-big-business-stands">fund such an initiative</a>.
The use of military resources in immigration enforcement is not without precedent internationally. Several countries have turned to their armed forces to manage immigration challenges, often citing national security concerns:
<ul>
<li>The Australian government <a href="https://www.bbc.com/news/world-australia-64898507">employed</a> its military under the direction of former Australian Prime Minister Tony Abbott&#8217;s 2013 "Operation Sovereign Borders&#8221; campaign. The military's role included detaining migrants in offshore facilities — a practice widely criticized by human rights organizations for alleged abuses and inhumane conditions.</li>
<li>Italy&#8217;s navy continues to intercept migrant ships. Last week, it <a href="https://apnews.com/article/italy-albania-migrants-asylum-processing-centers-9a1a0037a4fe87bf7e4f33b02d01c382">opened</a> detention centers in Albania to process thousands of asylum-seekers outside its borders. The plan does not call for families to be separated, according to the Associated Press.</li>
<li>India has stationed military units along its borders with Bangladesh and Myanmar, citing the need to curb illegal immigration. The military operations led to the controversial expulsion of Rohingya refugees fleeing persecution in Myanmar. This drew <a href="https://www.amnesty.org/en/latest/news/2024/10/myanmar-bangladesh-rohingya-community-facing-gravest-threats-since-2017/">condemnation</a> from international bodies such as the United Nations.</li>
<li>As a key entry point for migrants entering Europe, Greece has used its military to assist in patrolling borders and managing overcrowded refugee camps on islands like Lesbos. The military's involvement has been <a href="https://www.hrw.org/news/2020/03/17/greece-violence-against-asylum-seekers-border">criticized</a> for heavy-handed and harsh tactics.</li>
</ul>
What&#8217;s Next: Trump's rhetoric creates a precedent that raises questions about the balance between national security and civil liberties.
In the lead-up to Election Day, the <a href="https://www.benzinga.com/government/21/01/19152983/donald-trump-is-the-first-us-president-to-be-impeached-twice">twice-impeached</a> former president <a href="https://www.benzinga.com/markets/equities/24/10/41196721/trumps-dark-rhetoric-migrants-portrayed-as-criminals-amid-election-heat">often made graphic criticisms</a> of migrants. Many of his claims, linking them to crime and violence, were unsubstantiated.
A KFF <a href="https://www.kff.org/health-misinformation-and-trust/poll-finding/misinformation-about-immigrants-in-the-2024-presidential-election/">poll</a> showed 80% of Americans encountered false claims about migrants increasing crime, reflecting Trump&#8217;s fearmongering strategy.
The announcement comes as Trump continues to fill key cabinet positions, with some nominees facing scrutiny <a href="https://www.benzinga.com/markets/cannabis/24/11/42036132/trump-wants-matt-gaetz-confirmed-100-so-does-the-cannabis-industry">over qualifications and conduct</a>. 
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42026047/gaetz-nomination-in-peril-due-to-gop-resistance" target="_blank" rel="noreferrer noopener">Gaetz Nomination In Peril Due To GOP Resistance</a></li>
</ul>
Photo: Pixabay

Government

Politics

Legal

Global

Trump Responds 'TRUE!' To Conservative's Claim That Military Will Be Used Against Immigrants

Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are soaring in Monday's after-hours session following an announcement that it has engaged BDO USA, P.C. as its independent auditor, effective immediately. 
Supermicro also said it submitted a compliance plan to the Nasdaq to support its request for an extension of time to regain compliance with its <a href="https://www.benzinga.com/pressreleases/24/11/b42049971/supermicro-announces-appointment-of-bdo-usa-as-independent-auditor-and-filing-of-compliance-plan-w">continued listing requirements. </a>
The Details: Super Micro indicated in its compliance plan to Nasdaq that it believes that it will be able to complete its Annual Report on Form 10-K for the year ended June 30, 2024, and its Quarterly Report on 10-Q for the fiscal quarter ended Sept. 30, 2024, and become current with its periodic reports within the discretionary period available to the Nasdaq staff to grant.
According to Nasdaq rules, Super Micro&#8217;s securities will remain listed pending Nasdaq&#8217;s review of the compliance plan.
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
&#8220;We are pleased to welcome BDO as Super Micro&#8217;s independent auditor,&#8221; said Charles Liang, CEO of Super Micro. &#8220;BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency.&#8221; 
The company's previous auditor, Ernst &amp; Young, resigned in late October <a href="https://www.benzinga.com/trading-ideas/movers/24/10/41625460/super-micro-computer-stock-dives-as-auditor-resigns-whats-going-on">amid allegations</a> of accounting irregularities and claims of potential export control violations.&nbsp;
The company initially engaged with Ernst &amp; Young in March 2023 to audit the company's financials for its fiscal year ending June 2024. Super Micro said the auditor resigned before issuing a report on the company's financials or the company's internal controls over financial reporting.
SMCI Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Super Micro Computer shares are up 25.44% at $27.02 after gaining 15.93% in Monday's regular session.  
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image: Shutterstock

After-Hours Center

Tech

SMCI

What's Going On With Super Micro Computer Stock After-Hours?

<h3 class="wp-block-heading">Flipping From Neutral To Bullish</h3>
In&nbsp;<a href="https://www.zerohedge.com/news/2024-11-15/trading-binary-outcomes-explosive-stock">a post here</a>&nbsp;on Friday (&#8220;Trading Binary Outcomes On An Explosive Stock&#8221;), we opened a pair of trades structured to enable us to profit whether shares of&nbsp;Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) spiked or plummeted this week. That was based on the impact of two expected catalysts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x26a1;&#xFE0F; Trading Binary Outcomes On An Icarus Stock &#x26a1;&#xFE0F; Making money if Supermicro spikes or tanks further ahead of two catalysts next week. <a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://twitter.com/search?q=%24DJT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DJT</a><a href="https://t.co/dRvMP8ThRt">https://t.co/dRvMP8ThRt</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1857527027802271880?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
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</figure>
One of those catalysts was whether it would avoid delisting today. That catalyst hit after hours on Friday, with the news that the company was submitting a plan to avoid delisting.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN: Super Micro Computer plans to submit a resolution plan by Monday to avoid Nasdaq delisting.<a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> &#x1f4c8; +19% in after hours <a href="https://t.co/y7M2pPQvm5">pic.twitter.com/y7M2pPQvm5</a>
&mdash; TrendSpider (@TrendSpider) <a href="https://twitter.com/TrendSpider/status/1857563907466080411?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The second catalyst is Nvidia Corporation&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings call on Wednesday. Presumably, analysts will ask Nvidia about the state of their business with Supermicro. 
In light of today's follow through in that price action, I have closed the bearish part of our pair of options trades from Friday, the put spread, for $0.17.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">The stock is&nbsp;Super Micro Computer&nbsp;(<a href="https://substack.com/discover/stocks/SMCI">SMCI 3.49%↑</a>), and there are two parts to this trade:
<ol>
<li>Open a put spread expiring on November 22nd, buying the $15 strike puts and selling the $14 strike puts for a net debit of $0.33.</li>
<li>Open a call spread expiring on November 22nd, buying the $19.50 strike calls and selling the $20.50 strike calls for a net debit of $0.31.</li>
</ol>
The max profit is 56%, and that occurs with the stock above $20.50 or below $14 next Friday. The max loss is $100%, and that would occur if the stock doesn't move at all between now and next Friday.
</blockquote>
Initially, the max upside for this pair of trades was 56%. That was assuming we would take a 100% loss on one leg. But since we only took a $0.17 loss on the put leg, our total outlay drops from $0.64 per contract ($0.33 + $0.31) to $0.47 per contract [($0.33 &#8211; $0.17) + $0.31] = $0.47. Since our max return on the call spread remains $1, and our total outlay is now $0.47, our max upside now is 113%: [($1-$0.47) / $0.47] = ~$1.13.
In addition to closing the put spread, I also bought a few more underlying shares of SMCI at $21.86 today.
<h3 class="wp-block-heading">Buying A New Top Names Stock</h3>
As regular readers know, our core strategy is to buy equal dollar amounts of the&nbsp;<a href="https://portfolioarmor.com/">Portfolio Armor web app</a>'s top ten names. Then we put trailing stops of 10%-20% on them, and replace them with names from the current week's top ten when we get stopped out of a position. As of last Thursday, I had gotten stopped out of two of my top names holdings. So on Friday, I bought two new ones from Thursday night's top ten list.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/p/top-names-11142024"><img loading="lazy" decoding="async" width="928" height="820" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18222947/Top-Names-11-14.jpg" alt="" class="wp-image-3408" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18222947/Top-Names-11-14.jpg 928w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18222947/Top-Names-11-14-300x265.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18222947/Top-Names-11-14-768x679.jpg 768w" sizes="(max-width: 928px) 100vw, 928px" /></a></figure>
On Friday, I got stopped out of another top name. So I bought shares of a stock that appeared in Friday night's top ten today. Subscribers can read about it&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-supermicro">here</a>.
<h3 class="wp-block-heading">If You Are Concerned About Market Risk</h3>
As a reminder, you can download our iPhone hedging app by clicking on the QR code below. You can also aim your iPhone camera at it.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18223107/QR-Code-5.jpg" alt="" class="wp-image-3409" /></a></figure>
And if you would like a heads up next time we place a trade, you can subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can scan find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>. And you can become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18223248/Widget-4.jpg" alt="" class="wp-image-3410" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18223248/Widget-4.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/18223248/Widget-4-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

General

NVDA

Turning Bullish On Supermicro

While tech companies large and small have laid off 460,000 workers since 2022, AI has been a universal growth driver across tech, adding $ billion in valuation to the Magnificent Seven alone. For tech vendors, the race is on to apply machine learning algorithms to deliver products that automate and accelerate work. VC checks slowed down since quantitative tightening but <a href="https://www.benzinga.com/opinion/23/06/32745766/despite-quantitative-tightening-vcs-are-investing-in-devops-and-ai-security">cybersecurity firms built on AI</a> – for example, <a href="https://hiddenlayer.com/">Hidden Layer</a>, <a href="https://stacklok.com/">StackLok</a>, and <a href="https://reken.ai/">Reken</a> – have raised business formation rounds on the promise of leveraging pattern matching analytics to security teams' work of detecting and remediating against cyber threats and vulnerabilities.&nbsp;
What is the AI Security Overlay?
A tantalizing next stage for AI security is an overlay that automates, tracks, and contextualizes risks across a customer's entire environment. Coined by Tyler Shields, Cybersecurity Strategist Analyst at ESG, as the AI security overlay, the platform supercharges detection, prioritization, and remediation workflows for vulnerabilities, threats, and assets. The end game looks like this: algorithms ingest and analyze threat feeds and vulnerability database details to pattern match against a customer's environment starting with the riskiest threats, as calculated by the platform, to that customer's business. It's an ambitious vision with some coincidental early movers.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Early Movers Build the AI Security Overlay&nbsp;
Several companies' existing businesses give them head starts at completing this security AI overlay. Vendors addressing zero trust, Attack Surface Management (ASM), Continuous Threat Exposure Management (CTEM), and other security issues developed overlapping tools from sharing a common cause in uncovering potential dangers dwelling in a customer's extended environment.&nbsp;
The decade-long platformization of security across different categories are merging these alphabet-soup markets. Existing technologies detect and monitor threats and known vulnerabilities across a customer's IT environment and prioritize remediation. And technologies already exist to pull security data from disparate sources, flag potential compliance violations, and risk score.
Developing AI that Unifies and Contextualizes Security&nbsp;&nbsp;
As Shields <a href="https://www.thecyberwhy.com/p/winning-in-an-ai-driven-contextual">summed up</a>, "The future of cybersecurity hinges on a strategic blend of context creation and intelligent data handling." The missing piece for the AI overlay is contextualized intelligence across application, cloud, and infrastructure risks that existing security technologies already track. The Overlay would also calculate risk (probability x loss) for each asset. The end result is the holy grail for security practitioners – prioritize what needs fixing when – if ever. Palo Alto Networks (PANW, +62.7%), CrowdStrike (CRWD, 69.49%), Zscaler (ZS, +12.5%), Tenable (TENB, +11.7%),&#x2A; and other security leaders with an eye on future proofing their business are well positioned from a combination of homegrown solutions and acquisitions that can be shaped into an AI Overlay.&nbsp;
<ul>
<li>CrowdStrike's Falcon platform maps cloud attack surface and prioritizes threats while <a href="https://www.crowdstrike.com/platform/saas-security-posture-management/">Adaptive Shield</a>, a 2024 acquisition, integrates with over 150 apps, contextualizes at-risk items, automates misconfiguration, and sheds light into human and machine identities to accelerate remediation across hybrid environments.&nbsp;</li>
<li>Palo Alto Networks is using "<a href="https://www.computerweekly.com/news/366608992/Palo-Alto-Networks-bets-on-precision-AI">precision AI</a>" – a combination of machine learning, neural networks and generative artificial intelligence (GenAI) – to ensure 100% accuracy in security decisions for customers by correlating against the 36 billion events and 7.6 petabytes of data its technologies ingest each day across its sector rich customer base.&nbsp;</li>
<li>Tenable's <a href="https://www.tenable.com/solutions/exposure-ai">ExposureAI</a> leverages attack surface data to enable "lightning-fast analysis, decision-making and guidance" to help customers make better, faster security decisions that are preventative&nbsp; versus reactive after the damage is done.&nbsp;</li>
<li>Zscaler's <a href="https://www.zscaler.com/press/zscaler-expands-its-zero-trust-exchange-ai-powered-cloud">acquisition of Avalor</a> provides additional context from data sources to make sense of security specific AI models and integrates a security data fabric to fully automate AI-driven analytics and decision-making in real-time.&nbsp;</li>
</ul>
Cloud and Data Lake Providers
While pure play security vendors have the security pieces of the Overlay, large cloud and data lake providers like Oracle and Snowflake with a robust data analytics platform can acquire and or develop the security pieces necessary for the Overlay. In particular, Magnificent 7 member Microsoft has a path through its breadth and depth of data access, including code data all the way through to runtime. Not all cloud providers make products that require code level components so they will have to integrate for data access to that data.&nbsp;
The Overlay is the Next Hot Security Market
The security AI overlay could become the biggest security category since <a href="https://www.benzinga.com/markets/23/10/35071966/a-look-at-zero-trust-market-dynamics">zero trust</a>, valued at <a href="https://www.statista.com/topics/9337/zero-trust/#topicOverview">$32 billion in 2023</a> and projected to rise to $133 billion in 2032. While several vendors today deliver bits and pieces of the platform, green pasture remains for ambitious founders capable of securing funding to tackle this part of the AI security market.&nbsp;&nbsp;&nbsp;&nbsp;
&#x2A;Values reflect YoY gains near market close on Nov 8. Writer discloses shares in Microsoft, Snowflake, and Zscaler.

The AI Overlay is the Next Hexa-Billion Dollar Security Market

President-elect Donald Trump on Saturday picked Brendan Carr to become chairman of the <a href="https://www.benzinga.com/24/11/42029445/trump-names-pro-starlink-fcc-commissioner-brendan-carr-as-chairperson">Federal Communications Commission (FCC)</a>.
What To Know: Carr, the FCC's current top Republican commissioner, has worked at the organization since 2012 and is an outspoken supporter of free speech, deregulation and economic growth in the telecommunications sector. Carr wrote the FCC chapter of <a href="https://static.project2025.org/2025_MandateForLeadership_CHAPTER-28.pdf">Project 2025</a>, a conservative political initiative spearheaded by the Heritage Foundation.&nbsp;
Project 2025: In his chapter in Project 2025, Carr expressed his support for updating and eliminating obsolete regulations to empower the private sector in developing network infrastructure. He showed particular interest in promoting technologies like Elon Musk&#8217;s Starlink and Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Kuiper satellite internet services.&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
"This technology can beam a reliable, high-speed Internet signal to nearly any part of the globe at a fraction of the cost of other technologies. This has the potential to significantly accelerate efforts to end the digital divide and disrupt the federal regulatory and subsidy regime that applies to communications networks. The FCC should expedite its work to support this new technology by acting more quickly in its review and approval of applications to launch new satellites," Carr wrote in Project 2025.&nbsp;
Over the past year, Carr disagreed with Democratic FCC commissioners for <a href="https://www.benzinga.com/news/24/09/40672229/starlink-ineligible-for-nearly-900m-in-subsidies-says-fcc-spacex-ceo-elon-musk-says-it-is-flat-out-l">denying Starlink money</a> from a rural broadband subsidy program, including in this post on the social media platform, X:&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/bYTx3nBpft">pic.twitter.com/bYTx3nBpft</a>
&mdash; Brendan Carr (@BrendanCarrFCC) <a href="https://twitter.com/BrendanCarrFCC/status/1851691626743370042?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Carr also called out Vice President Kamala Harris for little progress on a $42 billion program to expand broadband access, for which the U.S. Department of Commerce determined Starlink had only limited eligibility.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2021, <a href="https://twitter.com/VP?ref_src=twsrc%5Etfw">@VP</a> Kamala Harris agreed to lead the Administration's $42 billion program to expand Internet service to millions of Americans. After 1&#xFE0F;&#x20E3;,0&#xFE0F;&#x20E3;7&#xFE0F;&#x20E3;9&#xFE0F;&#x20E3; days: 0&#xFE0F;&#x20E3; people have been connected 0&#xFE0F;&#x20E3; dollars have been spent building Internet infrastructure 0&#xFE0F;&#x20E3; projects are underway <a href="https://t.co/AdUaSOEodK">pic.twitter.com/AdUaSOEodK</a>
&mdash; Brendan Carr (@BrendanCarrFCC) <a href="https://twitter.com/BrendanCarrFCC/status/1851411463895986185?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Carr told POLITICO that <a href="https://www.politico.com/news/2024/10/18/elon-musk-brendan-carr-fcc-starlink-00184260">he believes</a> much of the broadband program's $42 billion should be used to develop land-based connections, but perhaps as much as one-third could be used for satellite internet.&nbsp;
DOGE: President-elect Trump created a new Department of Government Efficiency (DOGE) and tapped Musk and Vivek Ramaswamy to lead the department's efforts to reduce wasteful federal spending and streamline government operations. The DOGE may help to advance Carr's agenda of deregulation and empowerment of the private sector, including Musk's Starlink satellites.&nbsp;
In a recent interview on "The Joe Rogan Experience" podcast, Trump highlighted Starlink's potential to disrupt traditional land-based broadband technologies and the subsidies for providers like AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).&nbsp;
"We're spending a trillion dollars to get cables all over the country, up to upstate areas where you have two farms, and they are spending millions of dollars to have a cable. Elon can do it for nothing," Trump said.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban">Trump Set To Hand Musk &#8216;Golden Path For Tesla&#8217; After Reversing Course On Autonomous Vehicle Ban</a></li>
</ul>
Photo: Shutterstock&nbsp;

Regulations

SPACE

AMZN

CMCSA

Trump's FCC Pick Could Cut 'Wasteful Broadband Spending' With Elon Musk's Starlink

Scotiabank analyst Allan Verkhovski initiates coverage on Sprout Social (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) with a Sector Perform rating.

Initiation

Analyst Ratings

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Price Target

VEEV

Scotiabank Initiates Coverage On Veeva Systems with Sector Perform Rating, Announces Price Target of $235

Scotiabank analyst Allan Verkhovski initiates coverage on Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Sector Outperform rating and announces Price Target of $340.

WDAY

Scotiabank Initiates Coverage On Workday with Sector Outperform Rating, Announces Price Target of $340

Scotiabank analyst Allan Verkhovski initiates coverage on ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) with a Sector Perform rating and announces Price Target of $10.3.

Scotiabank Initiates Coverage On ZoomInfo Technologies with Sector Perform Rating, Announces Price Target of $10.3

Scotiabank analyst Allan Verkhovski initiates coverage on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Sector Outperform rating and announces Price Target of $425.

Scotiabank Initiates Coverage On Salesforce with Sector Outperform Rating, Announces Price Target of $425

Scotiabank analyst Allan Verkhovski initiates coverage on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Sector Perform rating and announces Price Target of $700.

INTU

Scotiabank Initiates Coverage On Intuit with Sector Perform Rating, Announces Price Target of $700

Scotiabank analyst Allan Verkhovski initiates coverage on Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Sector Perform rating and announces Price Target of $75.

Scotiabank Initiates Coverage On Dayforce with Sector Perform Rating, Announces Price Target of $75

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