Baron Global Opportunity Fund noted in its Q2 2026 investor letter that cloud-native cybersecurity platform CrowdStrike (CRWD) saw its stock price rise by 95.6%, making it one of the fund's top performance contributors. The fund believes that CrowdStrike's strong stock performance is due to increasing market recognition that it is a primary beneficiary of enterprise AI adoption. CrowdStrike has been designated as a launch partner for major AI industry security collaborations such as Anthropic Project Glasswing and OpenAI Trusted Access for Cyber, and its AI detection and response products are experiencing the fastest growth trajectory in the company's history. As a result, management has significantly raised its full-year guidance.