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Artificial intelligence (AI) stocks have been some of the best investments made in recent years. But you might be wondering about the next big trend in AI and which stocks could benefit the most.
Manufacturer of shavings Nvidia (NASDAQ:NVDA) is at the forefront of all things AI these days. Its chips are being used to help power the AI revolution. And the one trend Nvidia sees emerging this year is AI agents. Nvidia CEO Jensen Huang believes this is the year agents will be deployed on a significant scale. Agents can follow instructions and do things like move a cursor and fill out a form, automating many simple tasks for users.
Three stocks are included that allow customers to use AI agents today Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM)i Service Now (NYSE: NOW). Here’s why they can benefit from this trend and why you might want to consider investing in these stocks right now.
Tech giant Microsoft is already a big one AI stock and one of the most valuable companies in the world, with a valuation north of $3 trillion. But its opportunities in AI are only heating up.
Microsoft has already launched its AI assistant, Copilot, which is available in popular office applications such as Word, Outlook and Excel. And the company promises that you don’t even need to be a developer to create your own agents through its Copilot Studio. The big advantage Microsoft has here is that its office applications are used by companies all over the world, and this is a huge opportunity for the company to upsell its customers.
AI represents a promising growth opportunity for Microsoft, and CEO Satya Nadella says that for the next quarter, the company is on track to surpass the $10 billion annual revenue rate it expects from its AI business . And if that happens, it will be the fastest any of their businesses have reached that milestone.
While Microsoft shares trade at 35 times subsequent earningsit may still be a good buy for transportation, as the business seems poised to be a leader in AI.
Another company that is focusing heavily on agents is Salesforce. Their “Agentforce” can help provide support to both employees and customers. It can help book meetings for sales reps, and agents can help answer product-related questions. Similar to Microsoft, it allows its users to create their own agents with a “low-code builder” or they can use pre-built agents.
Companies already have much of their data in Salesforce customer relationship management software, making it a potentially simple option to use Agentforce to leverage this existing information and automate processes. The company’s sales haven’t skyrocketed and growth remains in the single digits, but AI agents could unlock a promising opportunity for Salesforce in the future.
