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2 Beaten-Down Artificial Intelligence (AI) Stocks to Buy Hand Over Fist
SentinelOneSentinelOne(US:S) The Motley Foolยท2024-08-03 21:00

Group 1: Upstart - Upstart's stock has fallen over 93% from its former high, but there is potential for recovery as the lending environment improves and revenue begins to grow again [4][3] - The company uses proprietary AI technology to evaluate loan applicants, claiming it provides better credit access and fewer defaults compared to traditional credit scores [2] - Upstart has expanded its network of lender partners from 10 to over 100 since going public and has diversified its offerings to include auto loans and home equity lines of credit [2] Group 2: SentinelOne - SentinelOne's stock has decreased by 70% from its peak valuation, but the company continues to show strong growth, with revenue exceeding $674 million and positive free cash flow of $33 million last quarter [5][7] - The company operates in the cybersecurity sector, which is projected to grow from $193 billion in 2024 to over $500 billion by 2032, indicating significant market opportunities [7] - SentinelOne's forward price-to-sales ratio is under nine, which is lower than competitors like CrowdStrike and Zscaler, suggesting potential for a higher valuation as profitability improves [7]