Artificial intelligence (AI) stocks have been some of the best investments to hold in recent years. But you might be wondering about the next big trend in AI, and which stocks could benefit the most from it.
Chip maker Nvidia (NASDAQ: NVDA) is at the forefront of all things AI these days. Its chips are 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 when agents will be used 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 that allow customers to use AI agents today include Microsoft (NASDAQ: MSFT), Salesforce (NYSE: CRM)a ServiceNow (NYSE: NOW). Here's a closer look at 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 big Stock AI and one of the most valuable companies in the world, with a valuation north of $3 trillion. But its opportunities in AI are 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 have 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 businesses 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 upcoming quarter, the company is well on track to surpass its $10 billion annual revenue run rate. expected from its AI business. And if that happens, it will be the fastest any of his businesses have reached that milestone.
Although Microsoft stock trades at 35 times lagging earningsit can still be a good buy for the transport as the business looks set to be a leader in AI.
Another company that focuses heavily on agents is Salesforce. Its “Glu Agent” can help provide support to employees and customers. It can help book meetings for sales representatives and the 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 on Salesforce customer relationship management software, making it a potentially smooth option to use Agentforce to tap into that existing knowledge and automate processes. The company's sales have not been increasing and growth remains in the single digits but AI agents could unlock a promising opportunity for Salesforce in the future.