9 AI Stocks Poised to Gain from Trump’s Middle East AI Push

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 162

Salesforce Inc (NYSE:CRM) is a cloud-based CRM company that has gained popularity after it unveiled its AI-powered platform called Agentforce. On May 13, Reuters reported that the White House has revealed how a Saudi Arabian firm DataVolt will invest $20 billion in AI data centers and energy infrastructure in the United States. Moreover, Alphabet’s Google, Oracle Corp, Salesforce Inc., Advanced Micro Devices, and Uber will invest $80 billion in trailblazing transformative technologies in both countries.

A few days prior, Bloomberg reported how Salesforce had already begun building its team in Saudi Arabia as part of a plan to invest $500 million over the next five years. This plan aims to boost the adoption of artificial intelligence in the kingdom. According to Mohammed Alkhotani, senior vice president of Salesforce Middle East, the company is planning to open a regional headquarters in Riyadh and to hire up to 40 employees by year-end.