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Better AI Stock: Applied Digital vs. SentinelOne

Better AI Stock: Applied Digital vs. SentinelOne

Many artificial intelligence (AI) stocks soared over the past year as the bulls touted the growth potential of generative AI platforms like OpenAI's ChatGPT. Applied Digital (NASDAQ: APLD), a company that rents out data centers to AI-oriented companies, saw its stock surge nearly 230% this year. SentinelOne (NYSE: S), a cybersecurity company that aims to replace all human analysts with AI algorithms, experienced a year-to-date decline of 10% and remains more than 50% below its IPO price.