AI Growth Could Unlock Trillions, Benefiting Cybersecurity and Chips
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Artificial intelligence (AI) is still in early stages but could contribute trillions to the economy in the next decade. Cybersecurity and semiconductor companies are well positioned to benefit.
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SentinelOne provides AI-powered cybersecurity software to detect threats and automate response. Its stock price has dropped 65% from all-time highs, presenting a buying opportunity.
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SentinelOne expects record revenue growth in 2024. Its valuation looks attractive compared to competitors CrowdStrike and Palo Alto Networks.
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As a leading memory and storage chip maker, Micron enables AI development. Its new data center memory chips boost AI model training performance.
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Micron expects its business to improve in 2024 after a challenging 2023. Surging demand for AI-enabled devices requiring more memory could drive substantial long-term growth.