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)
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