Top 10 AI Stocks Making Headlines on Wall Street

6. 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, Michael Turrin from Wells Fargo maintained a “Hold” rating on the stock with a price target of $255.00.

On the same day, Reuters reported that the White House has revealed how a Saudi Arabian firm, DataVolt, will be investing $20 billion in AI data centers and energy infrastructure in the United States. Moreover, Salesforce Inc., along with tech firms such as Advanced Micro Devices and Uber, will invest $80 billion in trailblazing transformative technologies in both countries.

A few days prior, Bloomberg reported that Salesforce has already begun building its team in Saudi Arabia as part of a plan to invest $500 million over the next five years to boost the adoption of artificial intelligence in the kingdom.