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3 No-Brainer Technology Stocks to Buy Right Now
CRMsalesforce(CRM) The Motley Fool·2024-12-28 10:30

Lenovo and SentinelOne Partnership - Lenovo, the world's largest PC vendor with a 25% market share and 59 million PCs sold in 2023, will begin shipping computers with SentinelOne's Singularity Platform preinstalled in the second half of 2025 [1] - This partnership represents an enormous opportunity for SentinelOne, given Lenovo's significant market presence [1] Technology Stocks in the Bull Market - Technology stocks have been a driving force in the current bull market, which is over two years old [2] - With the average bull market lasting approximately five and a half years, technology stocks are expected to continue performing well [2] Nvidia - Nvidia is the leading producer of GPUs, which are increasingly used for AI training and inference due to their superior speed compared to CPUs [4] - The company has developed a software platform for programming GPUs, which has become the standard for developers and includes AI-specific tools and libraries [5] - The exponential need for computing power in AI training, exemplified by the use of 10,000 GPUs for the first version of ChatGPT and 160,000 for Meta's Llama 4, underscores Nvidia's strong position in the market [6] Salesforce - Salesforce is well-positioned in the AI software space, particularly with its CRM platform and acquisitions like Mulesoft, Tableau, and Slack [7] - The company's autonomous AI agents, called Agentforce, have seen strong early adoption with 200 deals closed and thousands more in the pipeline [8] - Agentforce is a usage-based product priced at $2 per conversation, with a forecast of 1 billion AI agents deployed by the end of fiscal 2026 [9] - Agentforce 2.0 includes a no-code platform and prebuilt agent skills, with the ability to execute actions across any app or workflow and integration into Slack [10] - Salesforce's focus on agentic AI, where AI agents act autonomously, positions it as a strong player in the next phase of AI development [11] SentinelOne - SentinelOne's Singularity Platform uses AI to predict, monitor, and eliminate threats across public, private, or hybrid cloud environments [12] - The company has gained traction with a large Fortune 50 customer and several government customers switching to its platform following a CrowdStrike outage [13] - SentinelOne's Purple AI solution, which helps analysts hunt complex security threats using natural language prompts, is the fastest-growing solution in the company's history [13] - Despite a lagging stock price in 2024, SentinelOne has demonstrated strong revenue growth of 28% last quarter and trades at less than half the price of CrowdStrike on a forward P/S basis [14]