Cyber stocks rally on AI spending change comments from IBM’s Krishna

Okta and Crowtstrike. Jonathan Raa | Nikolas Kokovlis | Nurphoto | Getty Images Cybersecurity stocks jumped on Tuesday after IBM CEO Arvind Krishna flagged cyber fears as a top priority for customers in the company’s preliminary second-quarter results. During the period, Krishna said customers shifted spending to servers and memory and that “rapidly-evolving, industry-wide cybersecurity…

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California enacts $3,500 rebates on some EVs

California will begin offering up to $3,500 in instant rebates to first-time electric vehicle (EV) buyers later this summer, recouping some of the incentives lost after the Trump administration eliminated EV and clean energy tax credits. California Governor Gavin Newsom (D) on Monday signed new legislation establishing a $270 million rebate program for California… Source…

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