The artificial intelligence (AI) market has significantly increased the valuation of tech stocks, particularly companies like Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT), which are major players in AI hardware and software. However, other potential investments include AMD (NASDAQ: AMD), SentinelOne (NYSE: S), and Innodata (NASDAQ: INOD).
Key Developments
- AMD: In Q2 2023, AMD’s data center chip sales surged 115% year-over-year, making up 48% of its revenue, compared to just 24% the previous year. Analysts project a 20% CAGR in revenue from 2023 to 2026.
- SentinelOne: The company’s revenue growth slowed to 47% in fiscal 2024, down from over 100% in previous years, with expectations of 29% to 31% growth in fiscal 2025. Its stock is trading 34% below its IPO price.
- Innodata: The firm recorded a revenue CAGR of 12% from 2019 to 2023, projected to accelerate to 33% from 2023 to 2026, expecting at least 40% organic growth in 2024.
