10 AI News Making Waves on Wall Street

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained traction after the launch of its AI-powered platform called Agentforce. On February 10, TipRanks reported that Needham analyst Scott Berg has maintained their bullish stance on the stock, giving a Buy rating on February 6. Berg’s buy rating largely stems from the company’s strong demand and market potential. The firm noted that demand trends in Europe have begun to improve as economic conditions stabilize. This is evidenced by a key Salesforce partner who needed to double their workforce to meet rising demand, indicating growth potential. Interest in AI-powered Agentforce is also growing significantly, with partners beginning initial implementations. Despite implementations being pilot projects, the firm noted that there is enormous potential for expansion. This is particularly true given the strong applicability of Salesforce’s Revenue Cloud in sectors like high-tech. In addition, the company’s Revenue Cloud Advanced offers an advanced solution helping it capture new markets.