The stock market hasn't been enjoyable for some time, especially for technology investors, where 50% declines (or more) have become common among individual stocks. Cybersecurity company SentinelOne (NYSE: S) went public in the summer of 2021 near the peak of the now-defunct bull market. The stock has lost roughly two-thirds of its value just over a year later.
If this were a bull market, enterprise security platform SentinelOne (NYSE: S) would likely be one of the best-performing stocks in the market. Unfortunately, although the company is rapidly growing revenue, it is unprofitable -- which is bad news in a rising interest rate environment. Here are three reasons to grab SentinelOne's stock before the next tech bull market begins.
The artificial intelligence (AI) market has become one of the tech sector's hottest pockets of growth in recent years. Many organizations now realize that crunching massive amounts of data with AI algorithms can help them make smarter decisions, spot overarching trends, and optimize their businesses. Investors looking for a value stock that has plenty of exposure to the growing AI market should take a closer look at IBM (NYSE: IBM).