Top 8 Must-See AI News Updates Investors Probably Missed

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1. Nice Ltd. (NASDAQ:NICE)

Number of Hedge Fund Holders: 28

Nice Ltd. (NASDAQ:NICE) offers AI-powered customer relationship management (CRM) software, including the CXone platform, which helps organizations enhance customer experience across diverse channels like calls, chats, and emails through automation and data analysis.

On February 20th, Nice Ltd. (NASDAQ:NICE) posted a 16% YoY jump in Q4 revenue to $721.6 million, boosted by revenue from the cloud segment. Meanwhile, fully diluted EPS for Q4 increased 24% YoY to $1.54 on the robust adoption of its AI solutions. For the full year 2024, the company’s revenues increased by 15% YoY to $2.73 billion. The company set a non-GAAP 2025 revenue guidance between $2.91 billion and $2.93 billion, considering a cloud revenue growth of 12% YoY.

“We’re pleased to report a strong finish to 2024 capped off by an exceptional fourth quarter with double digit growth in total revenue, cloud revenue and further acceleration of our industry leading profitability. Our full-year 2024 strong top-line results were fueled by a 25% year-over-year growth in cloud revenue, which reached $2 billion. Further, our leadership in CX AI was exemplified by the strong adoption of our advanced AI solutions which were included in 97% of our large enterprise CXone Mpower deals over $1 million ARR. AI is revolutionizing the CX industry, and CXone Mpower’s agentic AI is unlocking new levels of growth by delivering further efficiency and exceptional customer experiences…We will put our industry-leading platforms front and center, we will lead the CX-AI revolution and we will further scale through expansion of our ecosystem. Our decades of deep CX domain expertise, industry-leading AI platform, relentless innovation and great financial strength strongly positions us to capitalize on the opportunities ahead and accelerate into the future.”

-said Scott Russell, CEO of Nice Ltd.

While we acknowledge the potential of Nice Ltd. (NASDAQ:NICE) 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 timeframe. If you are looking for an AI stock that is more promising than NICE 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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