10 Mega Cap Stocks Gaining Bullish Momentum This Week

3. Salesforce, Inc. (NYSE:CRM)

Salesforce, Inc. is a customer relationship management (CRM) technology provider. Its technology connects customers and companies. The company provides Data Cloud, Salesforce Starter, Agentforce, Industries AI, Slack, MuleSoft, and Tableau.

Software stocks are expected to drive the next AI bull run and Salesforce is one of the most likely stocks to lead that rally. The company has a wide range of AI products, as recently pointed out by Evercore analysts, calling the stock the most resilient if AI and software spending were to slow down.

The company is also making its mark on a global level after recently announcing a $1 billion investment in Singapore. This will further help the company strengthen its AI offering, Agentforce, which is gaining traction by the day and cashing in on a good chunk of the AI growth.

The stock trades at a PE ratio of 45, less than half its 5-year average PE ratio of 93.47. It offers an impressive opportunity for investors wanting to place a bet on software companies.