1 Incredible Artificial Intelligence (AI) Stock Down 17% to Buy Hand Over Fist Right Now
The past year has been a terrible one for SentinelOne (NYSE: S) investors. Shares of the cybersecurity provider have fallen 17% even as the company has grown at a breathtaking pace. But this could be an opportunity for savvy investors to buy a potential artificial intelligence (AI) winner at a relatively attractive valuation.
One of the reasons SentinelOne has struggled is because of the massive beating it took in June after missing Wall Street's quarterly targets. The company blamed a slowdown in spending by customers owing to macroeconomic challenges. However, results for the second quarter of fiscal 2024 (ended July 31, 2023) indicate that things may slowly be getting better thanks to the growing adoption of its AI-driven cybersecurity offerings.
Let's look at some reasons why buying SentinelOne stock right now might turn out to be a smart long-term move.
Source Fool.com
