15 AI News Shaping Wall Street Today

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1. Salesforce Inc (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce Inc (NYSE:CRM) is an American cloud-based CRM software company that has gained significant traction after the launch of Agentforce, its AI-powered platform.

Erste Group upgraded Salesforce (CRM) to “Buy” from Hold in a research report on Tuesday, November 19. According to the analysts, Salesforce holds a strong position in customer service, marketing automation, and most importantly, data analysis powered by artificial intelligence. Due to these factors, the company is in a strong position to consistently grow revenue and operating margins.

While we acknowledge the potential of CRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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