We recently published a list of 10 AI Stocks Surging on News and Analyst Calls. In this article, we are going to take a look at where Salesforce Inc (NYSE:CRM) stands against other AI stocks surging on news and analyst calls.
The interest in Chinese AI startup DeepSeek remains strong, and the company itself is actively fueling its momentum. In the latest news, the company has announced that it is going to make its models’ code publicly available. The move reaffirms its commitment to open-sourcing artificial intelligence.
Posting on social media platform X, the company said that its “tiny team” will open-source 5 code repositories next week. They describe the move as “small but sincere progress” and promise to share “with full transparency.”
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“These humble building blocks in our online service have been documented, deployed and battle-tested in production.”
-DeepSeek
Code repositories are storage locations where developers may see and contribute to software development. They are typically published in centralized hosting services like Microsoft’s GitHub. While they may contain key company assets, DeepSeek’s V3 and R1 models were open-source which implied anyone can see or modify them for free, leading to the rapid rise and success of the startup.
“As part of the open-source community, we believe that every line shared becomes collective momentum that accelerates the journey…Daily unlocks are coming soon…No ivory towers – just pure garage-energy and community-driven innovation.”
-DeepSeek
Unlike many US rival firms that tend to lean toward closed-sourced models, the company has been unique given its commitment to open-source. DeepSeek’s Liang Wenfeng said last July how the firm did not prioritize commercializing its AI models. He further noted that there was soft power to be gained from open source.
“Having others follow your innovation gives a great sense of accomplishment. In fact, open source is more of a cultural behavior than a commercial one, and contributing to it earns us respect”.
-Liang Wenfeng
With the new open-source code, DeepSeek will be providing the infrastructure to support the AI models that it has already publicly shared. Earlier, the company had also published a study with founder and CEO Liang Wenfeng one of the 15 co-authors. It discussed “native sparse attention”, which is designed to improve LLM efficiency in processing large data sets.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 116
Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained popularity after the launch of its AI-powered platform called Agentforce. On February 20, Salesforce (NYSE:CRM) CEO Marc Benioff took to social media platform X to clarify that there is no cloud agreement with major tech firms to manage artificial intelligence workloads.
“The story in @TheInformation is incorrect. In 2024, Salesforce explored a fourth deployment option for our customers, alongside our existing choices: our proprietary data centers, AWS, and Alibaba. Last year, we decided to extend our partnership with Google, giving customers the option to deploy Salesforce’s customers 360 apps, Hyperforce, Agentforce, and Data Cloud on Google’s platform in future Salesforce releases”
-CEO Marc Benioff
Overall, CRM ranks 5th on our list of AI stocks surging on news and analyst calls. 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.
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Disclosure: None. This article is originally published at Insider Monkey.