10 AI Stocks Investors Are Monitoring After Tariff Shock

6. Salesforce Inc (NYSE:CRM)

Number of Hedge Fund Investors: 116

Steve Koenig from Macquarie said in a recent Schwab Network program that Salesforce Inc (NYSE:CRM) Agentic AI technology has started to be applied to several use cases, but it’s a couple of years until we see mass deployment and monetization of this technology.

“To get it deployed among customers and to get the mass market adoption that Salesforce is looking for, there are a lot of hurdles, and one of them is trust among customers. Things like personally identifiable information not being surfaced to the major LLM companies are key concerns.

There are also factors like budget and aligning executives at large companies. Lastly, there are technical issues, such as these agents surfacing blind spots in the data. For example, a customer might be inquiring about an order, but the agent doesn’t have access to a legacy order management system that sits on-premise or at a data center the customer manages.

All these things are issues that have to be resolved when agentic AI rolls out. These companies are working on it and making progress, but it’s going to take more like two years, not two quarters, before we see significant monetization.”

Parnassus Growth Equity Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:

“Salesforce, Inc. (NYSE:CRM) reported third-quarter results that exceeded analysts’ expectations, as the integration of AI technology across the customer relationship management software company’s product offerings has driven robust growth in new deals.”