5 Best Big Data Stocks To Buy Now

In this article, we discuss the 5 best big data stocks to buy now. If you want to read a detailed analysis of the Big Data industry, you can go directly to the 13 Best Big Data Stocks To Buy Now.

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 122

Value of Hedge Fund Holdings: $7,185,739,500

Market Capitalization: $200.77 billion

Salesforce, Inc. (NYSE:CRM) generates large volumes of customer data across sales, marketing, service, commerce, and other workloads that can be leveraged for Big Data analytics. Salesforce Einstein Analytics provides data visualization capabilities to analyze a billion rows of data interactively. Furthermore, Customer 360 Audiences enables the creation of unified customer profiles from data across Salesforce apps. Salesforce, Inc. (NYSE:CRM) has also announced plans to hire 3,300 employees across different departments, anticipating a new wave of technology investment.

Here’s what Harding Loevner said about Salesforce, Inc. (NYSE:CRM) in its Q2 2023 investor letter:

“Salesforce, Inc. (NYSE:CRM), a company we’ve owned since 2019, recently added ChatGPT-like capabilities onto its existing Al module, Einstein, to support its internal sales efforts and customer-facing software. For example, Einstein GPT can help generate marketing emails tailored to specific clients by using Salesforce’s customer database and past email correspondence to learn the most effective approach for each client. Einstein GPT is also different from off-the-shelf LLMS in three important ways: It keeps personal identifiable information private and secure, compared with external tools that retain anything a user enters. It employs the latest data in Salesforce’s system, as opposed to the sometimes-stale public data that train generic models. And generative Al capabilities can be integrated with other Salesforce offerings; the company has already introduced Slack GPT and Tableau GPT, Al-equipped versions of its workplace collaboration and analytics tools.”