Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the AI Stocks Making Waves on Wall Street. On July 30, Reuters reported that Palo Alto Networks has agreed to buy Israeli peer CyberArk Software for an estimated $25 billion,

Palo Alto Networks (NASDAQ:PANW) has agreed to acquire identity security firm CyberArk (NASDAQ:CYBR) at an equity value of approximately $25B for CyberArk. Under the terms of the agreement, CyberArk (NASDAQ:CYBR) shareholders will receive $45.

Following the report, CyberArk's share price has jumped 12.56% on Nasdaq, giving the company a market cap of $21.7 billion, an all-time high, so any deal would be one of the biggest tech mergers this year. CyberArk focuses on enterprise identity management.