From Nasdaq:



The article discusses the potential for growth and investment opportunities in the artificial intelligence (AI) industry. It highlights two companies, Advanced Micro Devices (AMD) and SentinelOne, as potential winners in the AI industry due to their advancements in AI-related technologies. For AMD, their MI300 series of data center accelerators and focus on the AI chip market could lead to significant growth, with the company forecasting a $2 billion AI-related revenue in 2024. SentinelOne is making the most of the growing market for AI-powered cybersecurity solutions, with their Purple AI solution and Singularity cloud security solution driving impressive revenue growth and contributing to analysts raising their revenue forecasts for the company. Both companies have seen significant stock price increases, and there is potential for further growth and a parabolic run in 2024. The article advises cautious consideration before investing in these stocks, pointing out the factors to consider before making a decision. Overall, the article emphasizes the huge potential for growth in the AI industry and the investment opportunities it presents.



Original: 2 Artificial Intelligence (AI) Stocks That Could Go Parabolic