Top 10 Hot AI Stocks Dominating Headlines

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1. Veeva Systems Inc. (NYSE:VEEV)

Number of Hedge Fund Followers: 60

Veeva Systems Inc. (NYSE:VEEV) offers cloud software and drives AI innovation for the life sciences industry. Their products, including CRM tools and content and master data management solutions, help pharma companies and clients in the consumer products industries improve operational efficiency and accelerate time to market. The company is developing AI solutions like the TMF Bot, Vault CRM Bot, and Vault CRM Voice Control and also supporting clients in doing the same via its AI Partner Program.

On February 27th, Veeva Systems (NYSE:VEEV) announced that its Direct Data API, which powers AI applications and systems-to-systems integrations, is now available in the Veeva Vault Platform for no additional license fee. The new class of API makes Veeva Vault data accessible up to 100 times faster than traditional APIs. Direct Data API is part of the company’s plan to enable advanced automation for the life sciences industry.

“Veeva Direct Data API is a breakthrough technology that will enable new types of applications and integrations. Giving customers and partners easy and reliable access to large volumes of Veeva Vault data will fuel innovation in AI and analytics throughout the industry.”

-said Andy Han, senior vice president of Veeva AI Solutions.

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

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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