Bloomberg Tech Tech Stocks Under Pressure As Iran War Drags On
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Mar 12, 2026 
Lauren Webster, Piper Sandler dealmaker in defense tech and cybersecurity. Dario Gil, U.S. Energy Department science chief focused on AI and supercomputing. They discuss rising oil prices and market turmoil, investor shifts into defense technology, cyberattack trends, and government‑industry supercomputing partnerships. Short, sharp takes on tech, security, and infrastructure.
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Iran Uses Cyberattacks As Asymmetric Leverage
- Iran's cyber approach mirrors its asymmetric kinetic tactics: opportunistic attacks to impose cost and score propaganda wins.
- Patrick Howell O'Neill noted Iran targets companies with connections for maximal splash rather than just pure economic damage.
Capital Rotation Into Defense And Cyber After AI Selloff
- Investor flows shifted from software into defense and cyber as AI sell-offs freed capital and the conflict highlighted sovereign reindustrialization needs.
- Lauren Webster said funds target launch capabilities, munitions supply chains, and cyber platforms like CrowdStrike that have data moats.
Prioritise Platform Cybersecurity With Data Moats
- Invest in cybersecurity platforms that combine large endpoint data moats with AI-driven security outcomes.
- Lauren Webster highlighted CrowdStrike's endpoint scale and AI features as a clear example of durable competitive advantage.