Are These 2 Stocks Missing the AI Train?
Wall Street has been in a good mood lately as fears of an economic recession have started to look less likely to pan out. Friday morning's report on employment showed that the U.S. added more than 300,000 jobs in May, and news that the U.S. Senate quickly passed the debt ceiling bill also helped send stock index futures higher by about half a percent before the market opened today.
Yet there were some stocks that didn't participate in the rally, including some whose investors hoped they would become hot AI stocks. SentinelOne (NYSE: S) and PagerDuty (NYSE: PD) are both tapping into ways to make technology accessible to business customers, but both companies didn't live up to their shareholders' expectations with their latest financial results. Below, you'll learn more about each of these companies, their AI plans, and what went wrong in recent months.
SentinelOne was the worst performer in the stock market early Friday, with shares falling 36%. The self-proclaimed AI-focused cybersecurity company reported fiscal first-quarter financial results for the period ended April 30 that were highly disappointing for growth investors.
Source Fool.com
