How to Bank Triple-Digit Gains in Three Months on the #1 AI Momentum Stock of 2024

AI momentum stocks are off and running in 2024.

Our subscribers enjoyed a 182% win on GitLab in 2 1/2 months, a 275% win on CyberArk Software in 3 1/2 months and a whopping 386% win on CrowdStrike in under three months.

I’m always looking for companies whose stocks are rising… and projected to rise even faster…

Now I’ve found an AI company with a phenomenal story, one that could absolutely blow away the returns we’ve seen so far this year…

In today’s economy, we are drowning in data. In 2023, we generated 120 zettabytes of data daily. In 2024, we’re expected to hit 147 zettabytes daily.

To put that in perspective, 1 zettabyte is 1,000 exabytes, or 1 billion terabytes (or a trillion gigabytes). If you have a high-end laptop, its entire hard drive is likely 1 terabyte. Think of all the data on your laptop, all your photos, your videos, your tax documents, Word documents, the works…

Obviously, no ordinary human can store 1 billion terabytes of data in their organic brain. The storage capacity of a human brain, expressed in digital terms, is about 2,500 terabytes. Not bad, all things considered…

So the data we generate daily is more than any one person will ever be able to comprehend in real time. And the way we communicate is slow. Even with our modern communications technologies, we still need to talk or type out our thoughts, and the margin for human error is considerable.

Enter artificial intelligence, or AI.

AI is a tool that can simulate human intelligence in a machine… but the machine can process and transfer information 125,000 times faster than the human neuron.

This tool has the potential to revolutionize every aspect of modern life… healthcare, finance, education and more. AI’s impact on how humanity will advance can be likened to the discovery of fire that allowed our early ancestors to build a society in the first place.

AI is very good at taking in vast quantities of data and simplifying it into something actionable by a human. Or simply communicating what needs to be done, near instantaneously, to other machines through the Internet of Things (IoT).

The Internet of Things (IoT) is all the networked devices, from your phone to your laptop to even your refrigerator or other household appliances, connected via the internet. The machines aren’t rising up against us, but they can talk to each other.

And that’s precisely what Samsara Inc. (NYSE: IOT) provides its clients: access to and use of the Internet of Things. It throws a life raft to modern companies drowning in more data than they know what to do with…

I’m thrilled about this new monster AI opportunity for Momentum Alert subscribers… and its potential for triple-digit gains… or higher… over the next three months.

It’s Time to Stop Running in Circles

The name Samsara may sound familiar to you if you’ve done yoga classes or studied Asian philosophy. It’s a Sanskrit (ancient Indo-European language) word that means “wandering.”

To spare you a lecture on Asian religion and philosophy, it refers to the cycle of death and rebirth that underpins Hinduism, Jainism and Buddhism. Freedom from that cycle of reincarnation (samsara) is the goal of those religions… to ultimately attain the state of nirvana (liberation).

In the context of this recommendation, Samsara can free companies from drowning in data.

Samsara’s software allows a business to build a digital ecosystem with real-time visibility into all the data within that ecosystem, work flows and reporting. It can eliminate data silos, streamline work flows and even incorporate AI safety programs that recognize dangers that might slip past a human.

It can manage safety, vehicle telematics from an entire fleet, IoT-connected equipment and AI-enabled cameras. It can aid in regulatory compliance, managing equipment maintenance schedules, automating work flows, and turning real-time data capture into actionable insights and reports.

In short, Samsara is an end-to-end solution to the sheer amount of data a modern company has to manage.

The company has tens of thousands of customers around the world, and in the last year alone it digitized 23 million documents, prevented 120,000 crashes and stopped an estimated 200,000 vehicle crashes before they ever happened.

How that makes e-commerce and business run more smoothly and profitably is obvious. The more usable data is, the more it can benefit a company. And the more a company can automate redundancies and eliminate waste, the more money it can make.

As you might imagine, the visionary behind this company has quite the résumé to explain some of its success…

The Software Gurus…

Samsara was founded in 2015 and is based in San Francisco. Its CEO and co-founder, Sanjit Biswas, has a computer systems engineering degree from Stanford and an electrical engineering and computer science degree from MIT… a real underachiever.

He’s also the former CEO and co-founder of Meraki, a networking company that doubled its sales every single year from its inception and was ultimately sold to Cisco for $1.2 billion.

The company’s chief technology officer and other co-founder, John Bicket, also co-founded Meraki with Sanjit. He has two degrees in computer science, a bachelor’s from Cornell and a master’s from MIT.

The bottom line is this: When Biswas and Bicket collaborate, the result is always incredible…

And Samsara has yet to reach its full potential. The company is young, well within the “eight years of IPO” range I’m looking for.

It only debuted on the New York Stock Exchange in 2021, and it’s already gotten extremely strong institutional support. A full 93.5% of all shares are owned by institutions…

Those institutions include such names as Morgan Stanley, with 12.87 million shares, Vanguard, with 17.1 million shares, and T. Rowe Price, with 17.64 million shares.  

Momentum has been steadily building behind this company for a while now. Its share price has climbed from the mid-$20 range in November 2023 to the high to mid-$30 range. And it’s poised for some incredible growth this year. Speaking of…  

Financial Nirvana

With Samsara in your portfolio, you will likely be one step closer to achieving fiscal nirvana. The numbers here simply speak for themselves…

For the fourth quarter of 2023, Samsara raked in revenue of $237.5 million, up 39.9% year over year. For the full year of 2023, the company brought in $652.5 million, up 52.3% year over year. Gross profits for 2023 totaled $469.9 million, up 54.6% year over year.  

And that blistering growth has continued into 2024. In the first quarter of 2024, the company took home $280.7 million in revenue, up 37.4% over Q1 2023. And the company holds less than $800 million in debt, astounding for a young tech company in this overleveraged market.  

The company is running a gross margin of 74.54%, and its revenue has grown at a compound annual rate of 55.38% over the last three years. It has $594.33 million in cash and a debt-to-equity ratio of 0.1, lower than the vast majority of its peers.

And those profits are protected by more than three dozen patents for technology, like facial recognition software and software for collecting vehicle telematics and allowing vehicle systems to communicate with one another.

Companies that lock in patents for their innovations is a key metric I look for when identifying top momentum stocks. This is another signal as to why I believe Samsara will be the #1 AI momentum stock of the year.

But that’s not all…

Now is the time to play Samsara. The company has all the strong technical indicators I look for in terms of price and volume. Average volume over the past three months is higher than it’s been the past six months and higher than it’s been the past year.

It keeps surging, up and up and up.

And how could it not, considering how quickly Samsara’s revenues are surging? It’s a young company that has yet to turn a profit, but the first quarter it does, you can guarantee its share price will surge.

It’s already seen incredible momentum building behind it in the last six months, seeing share price growth of 15% in that time frame.  

It’s now or never to seize your chance at liberation from running in financial circles and freedom from the rat race, just as Samsara’s clients are freeing themselves from the risk of drowning in the modern economy’s flood of data.

And right now, you can take advantage of even bigger profit potential on Samsara through the power of options…

The Wheel of Fortune…

Yet another Indian term that has made its way Westward is “karma,” i.e., what goes around comes around.

And the best way to bring more good financial karma your way on Samsara is through options.

In short, options are contracts.

An option gives its holder the right – but not the obligation – to buy or sell 100 shares of a given stock at a specified price on a designated date.

An option is essentially a tool to magnify movements in the stock market.

For example, if the value of an option’s underlying shares moves just 5% to 10%, the options associated with it could move 50%, 100% or more.

It sounds complicated at first blush, but it’s really very simple. I recommend you watch my video series Options the Easy Way: Turbocharge Your Profits With 1 Click for an in-depth explanation.

Then consider buying my options recommendation for Samsara for the potential to bank triple-digit gains, which would take years for the stock alone to achieve but can be done in weeks or months with options.

***Action to Take***

Buy Samsara Inc. (NYSE: IOT) at market. Set a 25% trailing stop to protect your principal and your profits. Speculators may want to take a look at the October 2024 $35 calls between the bid and the ask.  

True Liberation

Whatever your personal beliefs or religion, one thing all our Members have in common is they are seeking financial freedom.

I am excited to bring Members this extraordinary momentum stock recommendation. Samsara checks nearly all my boxes for the 10 tried-and-true characteristics of the best momentum stocks.

As an investor in what I believe will be the #1 AI momentum stock of the year…  you have the potential to be handsomely rewarded in the next three months. Don’t miss what could be the best AI opportunity of 2024.