1438 ET - There seems to be incremental investor optimism around software companies that have developed Agentic AI solutions in the software space, JPMorgan analysts say in a research note as they pick Salesforce as an example. The backdrop remains complex, as there continues to be massive AI investments despite questions regarding monetization potential. However, the market should watch closely players that have been beaten down, or pandemic pull-forward names such as ZoomInfo, Zoom Video, DocuSign, and Twilio. "We're mulling the idea that some of these stocks have washed-out valuations and are approaching the phase where it might be more possible to show growth rates stabilizing or picking up," the analysts say. "They've been in the process of righting the ship for longer than the names that have fared better and experienced share appreciation." (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
November 11, 2024 14:38 ET (19:38 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。