We recently released a list 11 AI inventory on Wall Street radar. In this article, we will explore the stance of Salesforce Inc. (NYSE:CRM) and other AI stocks on Wall Street radar.
U.S. President Donald Trump will both restore the country's struggling coal industry. Last month, he signed a series of execution orders so that the government can meet the fierce demand for AI data centers. Executive Order 14241 will allow several older coal-fired plants to retire to continue generating electricity for the foreseeable future. This will be to meet the growing demand for artificial intelligence.
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Trump repeatedly used coal as a source of electricity for data centers, telling the World Economic Forum in January that he would approve the AI power plants through an emergency statement. He also called on technology companies to use coal as a backup power supply.
"They can fuel it with whatever they want and probably have coal as a backup - good, clean coal."
But as the tech industry invests billions of dollars to expand renewable energy and leverage nuclear power as a way to meet its growing electricity demand, coal use is actually aimed at the environmental goal of tech companies.
However, the tech industry does admit that fossil fuels will eventually be needed to help navigate the power demands of AI. However, these companies are focusing on natural gas because it emits half of coal carbon dioxide at every kilowatt-hour of electricity.
"To have the energy we need for the grid, it will take all of the above methods over a period of time. We are not surprised by the fact that we need to add some heat to produce to meet the demand in the short term."
We'll definitely consider it, but I don't know if I'd say it's at the top of our list. ”
- Jack Clark, co-founder of Humanity
In this article, we selected AI stocks by browsing news articles, stock analysis and press releases. These stocks are also popular among hedge funds. Hedge fund data ended in the fourth quarter of 2024.
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Number of hedge fund holders: 162
Salesforce Inc. (NYSE:CRM) is a cloud-based CRM company that has become popular after unveiling its AI-powered platform called AgentForce. On May 19, Citizen JMP analyst Patrick Walravens reiterated the stock's "market-better" rating and a target of $430.00. The rating update follows Salesforce's new flexible pricing Agenforce (its AI platform). The company believes that this pricing strategy reflects the company's ongoing efforts to adapt to its products to meet market demand and customer needs. Additionally, while Salesforce's stock performance does not reflect broader market trends this year, JMP Securities' analysis shows that its company's fundamentals and market strategies will ultimately pave the way for future growth.
Overall, CRM Ranked sixth On our list of AI stocks on Wall Street radar. Although we acknowledge the potential of CRM as an investment, our belief is that certain AI stocks have higher returns and limited downside risks. If you are looking for more promising AI stocks than CRM and have 100x upside potential, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.