Data Storage Corp (NASDAQ: DTST) has seen a recent dip in its stock price, down 27% from its peak, but this could present a buying opportunity for investors. The company, specializing in data storage solutions, has shown strong growth and is on the cusp of profitability. With CloudFirst already highly profitable and Flagship segment showing improvement, there is potential for significant upside in DTST stock once market conditions stabilize.
Applied Digital (NASDAQ: APLD), previously Applied Blockchain, is a company that has pivoted towards becoming a data center provider. While still retaining exposure to the crypto industry, Applied Digital’s move towards AI services and high-performance computing could drive revenue growth from $150 million in 2024 to $505 million in 2026. Despite not being a pure-play AI stock, APLD could benefit from both the AI and crypto sectors.
Rekor Systems (NASDAQ: REKR) provides hardware and software for self-driving vehicles, with revenue growth projected at 89% in 2024. The stock has seen a decline due to the recent downturn in the EV industry, but there is potential for long-term gains once the EV market rebounds. With liquidity concerns and dilution issues to consider, REKR remains a high-risk, high-reward bet for investors looking to capitalize on the future of self-driving technology.
In conclusion, while AI stocks have faced some challenges recently, there are still opportunities for investors to benefit from the long-term growth prospects in this sector. Companies like Data Storage Corp, Applied Digital, and Rekor Systems present potential investment opportunities with the possibility of significant gains in the future. It is essential for investors to carefully assess the risks and rewards associated with these stocks before making any investment decisions.
