$12.5 billion was lost to cybercrime in 2023 â but this $20 stock has the AI-powered solution... [Derby City Daily logo](
[Derby City Daily logo]( June 28, 2024 [Must-Watch Stock: This Firm Hunts Hackers with AI]( By Andy Swan $12.5 billion was lost to cybercrime in 2023. That's triple the amount lost in 2019. And weâre just talking about complaints reported to the FBI. The real damage was likely far bigger. Source: Statista Hacked emails, nefarious advertisements, cryptocurrency scams, and now dangerous deepfake fraud, thanks to the rise of [artificial intelligence (AI)](... Urgent Notice: A new kind of AI that most folks have never heard of could soon spark the biggest financial mania since the 1994 dot-com era. It could devastate some and make millionaires out of others. To make sure youâre on the right side of history, [watch this]( â and get four free recommendations â before midnight on Tuesday. As technology advances, so do the tactics used by hackers and tech-savvy criminals. Cybercrime is surging faster than law enforcement can keep up, leaving it to private-sector cybersecurity firms to find a solution. Enter SentinelOne (S), an American cybersecurity company fighting AI-powered cybercrime with the only tech that can take it down: AI. The market for AI in cybersecurity is still young, but like everything else AI, itâs growing at a rapid clip. According to new research from SkyQuest Technology, this market could be worth a whopping $114.3 billion by 2031. As if that werenât enough of a reason to pay attention, let me show you why else SentinelOne should be on your radar today... SPONSORED AD [Bigger gains than NVIDIA â and 10X faster?]( NVIDIA is the biggest company in the world, and if you had gotten in at the beginning of the AI boom, you'd be up 701%. Not bad, BUT... You could have done better with help from millionaire trader Jonathan Rose. He recommended a rainmaker trade on another hot stock â Super Micro Computer â back in September 2022... a full three months before the AI craze kicked off. And it hit big, up as much as 1,060% in under two months. That's bigger than NVIDIA's record gains and 10X faster too. But that's just the tip of the iceberg. Because Jonathan's got a new rainmaker trade locked and loaded, ready for you. [Catch it here now â while you still can](
Why SentinelOne Is One to Watch SentinelOne leverages machine learning to monitor PCs, Internet-of-Things (IoT) devices, and cloud workloads. Its AI-driven Singularity platform enables enterprises to detect, prevent, and respond to cyber-attacks. Integrating AI into cybersecurity enhances SentinelOneâs capability to provide advanced threat detection and response solutions, especially as AI-powered cybercrime increases in severity. We can see this uptick in demand in SentinelOne's most recent earnings: Revenue surged 40% year over year to $186.4 million. S shares are down more than 24% over the past six months... Source: TradingView ...even as the company makes significant strides in amping up its AI protection. In February 2024, SentinelOne completed a $100 million acquisition of India-based cloud security upstart, PingSafe. The move gives SentinelOne access to PingSafeâs cloud native application protection platform (CNAPP), allowing it to create a fully integrated, AI-powered cybersecurity platform capable of comprehensive enterprise protection. SPONSORED AD [Hereâs What You Missed on Tuesday]( Wall Street legend Louis Navellier just revealed his biggest prediction in 47 years. How a new investment vehicle 30 years in the making could double your money 6 times this year⦠on a ârepeatâ of the dot-com mania. [Learn more here (includes 4 free recommendations)]( SentinelOneâs new Purple AI security analyst product is using natural language to give customers streamlined threat investigations, AI-powered analysis, and actionable insights. Itâs basically a form of generative AI capable of hunting cybercrime. Early adopters have reported 80% faster threat hunting and investigations. And earlier this month, SentinelOne partnered with New Zealand cybersecurity firm Advantage to integrate Purple AI into Advantageâs managed detection and response (MDR) service, further expanding its international customer base. Clearly, thereâs a big opportunity ahead of SentinelOne. So we dug into LikeFolioâs Data Engine to see where it stands today. We found that SentinelOneâs web traffic is down by 15% year over year â not great. But on a quarterly basis, it does show signs of revival, with visits gaining 7% on a 30-day moving average: So while SentinelOneâs web momentum isnât massively improving, it is relatively stable. Bottom line: We're not rushing out to buy shares just yet. But with a huge opportunity in front of it as cybercrime escalates, thereâs no doubt S deserves a spot on your moneymaking watchlist. Weâll be watching our data for an inflection point â and members will be the first to know when the opportunity strikes. In the meantime, check out some of the other must-watch AI stocks weâve covered in Derby City Daily this month, like [Reddit (RDDT)]( with its growing userbase and data licensing deals, [Apple (AAPL)]( with its newly-announced Apple Intelligence integration, and [Nvidia (NVDA)]( as demand surges for its AI chips. Until next time, [Andy Swan's signature]
[Andy Swan's signature] Andy Swan
Founder, LikeFolio P.S. I recently started following a daily trading e-letter that I think you might enjoy, too: Itâs called [Patterns & Profits]( by a guy named Tom Gentile, whoâs known in the industry as âAmericaâs Pattern Trader.â He spots hidden patterns in the market (not the same old ones youâre used to), and even developed a handy calendar system for profiting on a schedule. Itâs pretty cool if youâre a trader like me. You get to see these patterns play out five days a week, learn his strategies, and every once in a while, youâll even get an actionable trade idea. I grabbed you a link to sign up if youâre interested: [Click here to check it out](. Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [Rivian Just Evolved into a True Tesla Competitor]( ✓ [John Deere: The Ambitious AI Play in Your Own Backyard]( ✓ [âSkinny Shotsâ Are Here to Stay: 3 Unexpected Plays]( Get Instant Access
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