Retail investors should consider Palantir Technologies and Salesforce for AI revolution growth

From StockTwits: 2024-12-29 22:50:32

Corporate AI spending is set to increase significantly within IT budgets by 2025, according to Wedbush analyst Daniel Ives. He named Palantir Technologies, Inc. and Salesforce, Inc. as top beneficiaries. The Global X Artificial Intelligence & Technology ETF has gained 27% this year. Other vendors expected to capitalize on the AI revolution include Oracle Corp., IBM, Snowflake, MongoDB, Elastic N.V., and Pegasystems, Inc. Palantir is well-positioned to expand due to increased AI spending, while Salesforce is poised for growth with a $7 trillion opportunity ahead. Palantir stock has surged 360% this year, while Salesforce has gained over 29%.



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