1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $30 and Hold for the Long Run

According to a study by McKinsey and Co., if companies were keeping up with the necessary spending needed to fend off the growing threats from hackers and malicious actors, the market for cybersecurity services in the corporate sector would be between $1.5 trillion and $2 trillion per year. As it stands, companies are on track to allocate just $213 billion toward cybersecurity protection in 2024. That suggests there are a lot of companies with inadequate protection. It also suggests a massive opportunity for cybersecurity firms.For those companies with inadequate protection, 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 attack. More and more companies are paying attention and spending is on the rise.SentinelOne (NYSE: S) is a fast-growing provider of cybersecurity software with artificial intelligence (AI) at its core. It stands to benefit significantly as the spending gap highlighted by McKinsey closes in the coming years. Here's why investors with a spare $30 might want to use it to buy one share of SentinelOne (or perhaps spend a bit more and get multiple shares).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool