Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJabran KundiMon, June 29, 2026 at 7:57 PM GMT+2 4 min readArtificial Intelligence AI by 13_Phunkod via ShutterstockA blowout earnings report and lucrative acquisitions saw Palo Alto Networks' (PANW) stock double in a span of just three months. After nearly a month of inaction, the stock price is again registering new all-time highs, prompting investors to take notice. What's moving PANW stock now, and is it the beginning of the next leg up?Earlier in the week, Palo Alto Networks announced that it was expanding its collaboration with International Business Machines (IBM) and Red Hat as part of IBM's Project Lightwell. The project aims to secure open-source software against AI-enhanced cyber threats. More News from BarchartBillionaire Mark Cuban Asks If AI 'Collapses' And Data Centers Turn Into 'Chuck E Cheeses,' Would That 'Create A Revival Of Jobs?'As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD