Analysts at Wedbush, who also highlighted Palantir (PLTR), Salesforce (CRM), MongoDB (MDB), and Elastic (ESTC), have found Oracle (ORCL) and Snowflake (NYSE:SNOW) as prominent artificial intelligence software plays for 2025.
Driven by the fast adoption of generative artificial intelligence and huge language models, Wedbush analysts led by Daniel Ives noted in a report on Thursday the emergence of the wider AI software industry as a major development. Ives remarked, "The AI software era is now here," referring to a turning point for the computer industry among what he described as a "4th Industrial Revolution."Comparatively to "the new gold and oil," Ives highlighted Nvidia (NVDA) as the driver of artificial intelligence's spread from its processors. Emphasizing the fundamental role cloud providers and hyperscalersincluding Microsoft (MSFT), Google (GOOGL), and Amazon Web Services (AMZN)played during AI's first expansion phase, he highlighted.
Wedbush gave Snowflake, Elastic, and MongoDB "Outperform" ratings; respective price goals were $190, $135, and $360. Snowflake saw decreases for much of 2024 but rebounded in December. Early Thursday trading saw gains for Oracle, Salesforce, Elastic, and Snowflake as excitement for AI-driven prospects improved.
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