CrowdStrike (NASDAQ: CRWD) stock took a hit in pre-market trading, dropping almost 15% following a massive outage that disrupted industries worldwide. The outage affected banks, airlines, train companies, and supermarkets, causing major U.S. airlines like American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines (NASDAQ: UAL) to ground flights.
The cause of the outage is still unclear, but it may be linked to a software update from cybersecurity company CrowdStrike or Microsoft’s (NASDAQ: MSFT) operating systems, which caused Windows devices to crash. The crisis also impacted the stock market, with the London Stock Exchange reporting technical issues with its news service.
Despite the recent setback, CrowdStrike had been performing well year-to-date, with the stock rising nearly 40% in 2024. Investors will be closely watching how the company responds to the outage and its impact on future earnings. Stay tuned for more updates on this developing story.
