AMD and SentinelOne Positioned to Ride AI Chip and Cybersecurity Growth Waves
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AMD is aiming to compete with Nvidia in the AI chip market with its new MI300 series data center accelerators. If AMD gains market share, its AI revenue and stock could grow rapidly.
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SentinelOne is benefiting from the growth in AI cybersecurity. Its Purple AI and Singularity solutions leverage AI, and revenue is growing over 40% annually.
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SentinelOne's stock is priced at 13.5x sales. If revenue hits estimates and the multiple holds, its market cap could jump 78% in 2 years.
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AMD sees a $400 billion long-term opportunity in AI chips. Outperforming growth expectations could make the stock go parabolic again.
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Nvidia dominates AI chips currently but AMD's new offerings could take some share. SentinelOne is poised to capitalize on booming AI cybersecurity spending.