The AI revolution is gaining momentum, with analysts predicting a $3 trillion spending spree over the next three years. Big Tech is expected to lead the charge, with Snowflake and MongoDB poised to benefit from enterprise AI adoption. Snowflake saw a 29% revenue growth in Q3 and aims to become the go-to platform for data infrastructure preparation for AI applications. MongoDB is on a similar trajectory, adding thousands of new customers and transitioning into a comprehensive modern data platform. Analysts remain bullish on both stocks, with Snowflake’s average price target at $279 and MongoDB’s at $455.

Read more at Barchart: 2 Software Stocks to Buy Now to Profit from the Fourth Industrial Revolution