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12 Dec No-Brainer AI Security Stock to Buy and Hold for the Long Run
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This week in cybersecurity from the editors at Cybercrime Magazine
–Read the Full Story in The Motley Fool
Sausalito, Calif. – Dec. 12, 2024
SentinelOne (NYSE: S) is a no-brainer artificial Intelligence stock to buy with $30 and hold for the long run, according to The Motley Fool.
McKinsey & and Co. says if companies were keeping up with the necessary spending needed to fend off the growing threats from hackers and cybercriminals, the market for cybersecurity in the corporate sector would be between $1.5 trillion and $2 trillion per year.
Cybersecurity Ventures estimates cybercrime will cost the global economy $10.5 trillion in 2025. A lack of cybersecurity could lead to a company paying dearly if it gets struck by a successful cyberattack.
SentinelOne is a fast-growing provider of cybersecurity software with AI at its core. It stands to benefit significantly as the spending gap highlighted by McKinsey closes in the coming years. The Motley Fool explains why investors with a spare $30 might want to use it to buy one share of SentinelOne.
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