#头条创作挑战赛#
Quick guide
In the artificial intelligence (AI) market, AMD, SentinelOne, and Innodata are seen as hidden gems of high growth. AMD has made significant strides in the production of Instinct GPUs in the data center, with its latest MI300 chip matching the performance of Nvidia's H100 at a more affordable price. AMD data center chip sales will grow 7% in 2023 and surge 80% year-over-year in the first quarter of 2024. SentinelOne, which is focused on AI-driven cybersecurity, doubled its revenue in FY2022 and FY2023, but growth is expected to slow to 47% in FY2024. Despite a 70% drop in the share price from its high, analysts expect its revenue to grow at a compound annual growth rate of 27% from 2024 to 2027. Innodata is growing at a compound annual growth rate of 12% from 2019 to 2023 and expects organic growth of 40% in 2024. The company's progress in generative AI services makes it a growth stock to watch.
A high-growth hidden gem in the field of artificial intelligence
AMD, SentinelOne, and Innodata represent three hidden gems of high growth in the artificial intelligence (AI) market. The rapid expansion of the AI market in recent years has sent many tech stocks soaring to unprecedented heights. The most notable beneficiaries of this trend include Nvidia (NASDAQ: NVDA), a leading supplier of AI accelerator chips, and Microsoft (NASDAQ: MSFT), which has a significant stake in OpenAI. While Nvidia and Microsoft continue to lead the field, investors should not ignore these hidden gems of hope. Let's explore these three companies: AMD (AMD 1.75%), SentinelOne (S -3.27%), and Innodata (INOD -5.55%).
AMD's growth trajectory
AMD, the second-largest producer of x86 CPUs and discrete GPUs, has significantly increased its production of Instinct GPUs for data centers over the past few years, although it often doesn't get as much attention as Nvidia in AI chip manufacturing. Its latest MI300 Instinct chip is based on TSMC's 5nm and 6nm processes, and the performance is comparable to Nvidia's H100 GPU, but at a much lower price. This affordable price makes AMD an ideal choice for data center customers facing Nvidia's high price tags and supply issues.
AMD's data center chip sales, including its Epyc CPUs and Instinct GPUs, edged up 7% in 2023. However, in the first quarter of 2024, these sales surged by 80% year-on-year, and in the second quarter, they surged by 115%. By the second quarter, data center chip sales accounted for 48% of AMD's total revenue, up significantly from 24% a year ago. This rapid growth coincides with Nvidia's data center expansion, which compensates for slower sales of PC gaming GPUs, console APUs and embedded chips, and further boosts strong sales of Ryzen CPUs in the PC market.
SentinelOne的市场地位
SentinelOne, a cybersecurity company focused on replacing human analysts with AI-driven algorithms, offers services with its Singularity Extended Detection and Response (XDR) platform, which combines field devices and cloud solutions. In FY2022 and FY2023 (ending January 2023), SentinelOne's revenue more than doubled, but only grew by 47% in FY2024. The Company expects this slowdown to continue due to challenging macroeconomic conditions, with growth expected to be between 29% and 31% in fiscal 2025. This slowdown, combined with a lack of GAAP and non-GAAP profits, dampened investor enthusiasm, resulting in its share price trading at a 34% discount from its IPO price and 70% below its all-time high.
Despite the decline, SentinelOne's stock is still historically undervalued despite less than nine times its sales this year. Analysts expect its revenue to grow at a compound annual growth rate (CAGR) of 27% from FY2024 to FY2027, taking its place in the AI-driven cybersecurity market. In addition, they predict that the net loss will decrease as economies of scale emerge. Notably, XDR competitor CrowdStrike (NASDAQ:CRWD) was recently involved in a major IT failure due to a software update defect, an incident that is likely to attract more customers to SentinelOne and other AI-enhanced cybersecurity solutions.
Innodata's recovery
Innodata went public in 1993 and over the years has been seen as a slow-growing provider of IT services and enterprise software. However, from 2019 to 2023, the company's revenue grew at a CAGR of 12%, and analysts expect this growth to accelerate to a CAGR of 33% between 2023 and 2026. The company expects to achieve "at least" organic revenue growth of 40% in 2024. The once-overlooked company, which provides business processes, technology and consulting services, and complements its digital information management software, is transforming into an exciting growth stock with its newly launched generative AI services. By early 2024, it has signed master services agreements with five "Big Seven" companies and expects to see significant revenue growth from three of the tech giants this year.
Although Innodata has recorded GAAP losses over the past three years, its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) turned positive in 2023 and is expected to continue to grow at a three-year CAGR of 64% through 2026. The company's stock has surged 1,450% over the past five years to re-emerge as a growth stock, but its price is still reasonable, about 5 times this year's sales. As a result, this often-overlooked tech stock still holds significant growth potential against the backdrop of the continued expansion of the generative AI market.