HACK stock forecast, quote, news & analysis

Key Takeaways

• The Amplify Cybersecurity ETF (HACK) provides targeted exposure to companies developing cybersecurity hardware, software, and services, tracking the Nasdaq ISE Cyber Security Select Index.
• The fund holds approximately 26 positions with a heavy tilt toward U.S. technology companies, weighted toward large- and mid-cap names including PANW, AVGO, CSCO, and CRWD.
• Global cybersecurity spending continues to expand at a double-digit annual pace, fueled by the proliferation of AI-enabled cyberattacks, cloud adoption, and regulatory mandates.
• The ETF has benefited from a broader technology rotation in 2026, with cybersecurity stocks attracting inflows as semiconductor names faced valuation compression.
• Escalating high-profile breaches — including a $130 million Coldcard hardware wallet exploit — have reinforced the structural demand narrative underpinning the sector.

Amplify Cybersecurity ETF (HACK) Overview

The Amplify Cybersecurity ETF (HACK) is a passively managed thematic exchange-traded fund that seeks to track the Nasdaq ISE Cyber Security Select Index. Launched in November 2014 and issued by Amplify Investments, HACK invests at least 80% of its net assets in companies actively involved in providing cybersecurity technology and services. The fund is non-diversified and holds approximately 26 securities spanning both pure-play cybersecurity software vendors and defense-adjacent contractors.

As a thematic ETF, HACK offers concentrated exposure to a specialized industry rather than broad market coverage. Its largest holdings include Palo Alto Networks (PANW), Broadcom (AVGO), Cisco Systems (CSCO), CrowdStrike Holdings (CRWD), Fortinet (FTNT), General Dynamics (GD), and Cloudflare (NET). Sector allocation is dominated by information technology at roughly 87–93%, with the remainder in industrials — reflecting the inclusion of aerospace and defense contractors that serve government cybersecurity budgets. Geographically, over 90% of assets are domiciled in the United States, with smaller allocations to Israel and Japan. The fund carries an expense ratio of 0.60% and had approximately $2.6 billion in assets under management (AUM) as of mid-2026.

Industry and Thematic Landscape

The cybersecurity industry is operating at the intersection of several powerful structural trends. Global cybersecurity spending, estimated at approximately $272 billion in 2025, is projected to surpass $663 billion by 2033, representing a compound annual growth rate (CAGR) of roughly 11.9%. This expansion is being propelled by the rapid proliferation of artificial intelligence, which has simultaneously increased the sophistication and frequency of cyberattacks while expanding the digital attack surface that enterprises must defend.

AI-enabled breaches now cost organizations an average of $4.88 million per incident, according to industry research. Meanwhile, threat actors are deploying autonomous, adaptive AI systems capable of probing defenses in real time. The first half of 2026 alone saw over $1 billion in crypto-related cyber theft, including the August Coldcard hardware wallet exploit that drained approximately $130 million. These incidents continue to reinforce enterprise and government cybersecurity budgets.

On the macroeconomic front, monetary policy remains a factor. While the Federal Reserve's interest rate trajectory has moderated, technology and growth-oriented equities remain sensitive to rate expectations. The sector has also benefited from a notable rotation within technology — capital has flowed out of semiconductor stocks and into cybersecurity names, reflecting investor appetite for companies with recurring subscription revenue models and less exposure to hardware cycle volatility.

Performance and Positioning Snapshot

HACK has delivered strong returns in 2026, advancing approximately 42% year-to-date through early August. The rally accelerated in late May and June following robust earnings reports from major holdings. Palo Alto Networks reported fiscal third-quarter revenue of $3.0 billion, up 31% year-over-year, with Next-Generation Security annual recurring revenue (ARR) surging 60%. CrowdStrike posted 26% revenue growth and highlighted rapid adoption of its AI Detection and Response solution, with ARR for that product growing over 250% sequentially. Fortinet has gained nearly 85% year-to-date, driven by demand for next-generation firewalls tied to enterprise data center buildouts.

Over the past quarter, HACK climbed approximately 35%, reflecting both earnings momentum and the broader rotation into cybersecurity names. The 30-day period through early August saw more measured gains of roughly 6%, with volatility concentrated around late July as broader technology markets digested semiconductor sector weakness. Notably, the Coldcard hack in early August provided an immediate catalyst, with HACK gaining over 6% in the following sessions as investors recognized the reinforcing effect of high-profile breaches on cybersecurity spending.

The fund's concentrated portfolio means performance is heavily influenced by its largest positions. Together, the top five holdings account for more than 35% of net assets, making individual stock moves a significant driver of ETF returns.

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2026 Outlook and Key Factors to Monitor

Looking ahead, several structural factors are likely to shape HACK's trajectory. The cybersecurity spending cycle shows little sign of decelerating, with CIO surveys consistently ranking security and risk management as the top enterprise priority. The weaponization of AI by threat actors and the expansion of agentic AI systems inside enterprises are expected to drive 15% of global cybersecurity budgets by 2029, up significantly from current levels. This suggests a durable, multi-year demand tailwind for the companies HACK holds.

Interest rate policy will remain a key variable. While cybersecurity firms generally benefit from recurring revenue models that are less economically sensitive than cyclical technology segments, the sector's growth-oriented valuations mean it is not immune to shifts in rate expectations. Any sustained move higher in bond yields could compress valuation multiples across the portfolio.

Competition within the cybersecurity ETF space is intensifying. Funds such as the First Trust NASDAQ Cybersecurity ETF (CIBR) and the Global X Cybersecurity ETF (BUG) offer similar exposure with different fee structures and portfolio construction approaches — CIBR, for instance, charges a lower expense ratio and holds broader diversification across 36 names. HACK's 0.60% expense ratio is modest in absolute terms but higher than some peers, a consideration for cost-sensitive investors evaluating long-term holdings.

Earnings cycles for major holdings will continue to drive performance. Investors should monitor revenue growth, ARR trends, and management commentary around AI-related security spending from companies such as Palo Alto Networks, CrowdStrike, and Fortinet. Additionally, regulatory developments — including federal cybersecurity mandates and international data protection frameworks — could further accelerate enterprise adoption. Risks include potential AI-driven disruption to legacy security models, geopolitical tensions affecting supply chains, and the possibility that current elevated growth expectations have been priced in. The structural case for cybersecurity investment remains intact, but selectivity and attention to valuation are warranted.

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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