Missed Out on Nvidia? Here’s Another Top AI Stock to Buy Now.
From Nasdaq: 2024-06-19 09:32:14
1. Nvidia (NVDA) has surged 753% in the past two years, surpassing Microsoft (MSFT) as the world’s most valuable company. Despite this, other AI stocks like Crowdstrike (CRWD) show long-term potential in the cybersecurity space.
2. Crowdstrike’s revenue has grown from $249.8 million in fiscal 2019 to $3.06 billion in fiscal 2024, with a 471.7% stock increase in five years. Analysts rate CRWD as a “strong buy,” projecting double-digit revenue growth and a 52.5% year-to-date stock gain.
3. Crowdstrike’s Q1 2025 revenue reached $921 million, with a 33% increase in annual recurring revenue, driven by the successful AI-powered Falcon platform and consistent profitability.
4. Crowdstrike’s strategic partnerships with major companies like Amazon, Nvidia, and Alphabet strengthen its market position. Revenue and earnings growth is expected in fiscal 2025 and beyond, aligning with the growing demand for cybersecurity solutions.
5. Despite being pricey, Crowdstrike presents a valuable investment opportunity in the cybersecurity market, which is forecasted to reach $298.5 billion by 2028. With advanced AI technology and strong financials, CRWD is a promising long-term stock.
6. Global cybercrime costs are predicted to hit $13.8 trillion by 2028, highlighting the need for effective cybersecurity measures. Crowdstrike’s secure business model and balance sheet position it well to benefit from this expanding market, making it a solid buy-and-hold stock.
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