10 AI News Stories You Can’t Miss

2. Salesforce Inc (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce Inc (NYSE:CRM) stock has gained significant attention after the launch of Agentforce, its AI-powered platform.

On Monday, November 18, Scotiabank initiated coverage of Salesforce Inc (NYSE:CRM) with an “Outperform” rating and a $425 price target. The firm contends that Salesforce is a “top pick” in the software sector. After the sector had a “choppy year”, followed by a strong three months, owning “clear market winners” and companies with re-rate potential on the benefits of artificial intelligence is the way to go to generate alpha. Stock picking has become more crucial than ever, and while investors are focused on semiconductors, there are questions on the future of the software business and whether they will stay relevant in five years.