Palantir, Salesforce Poised to Dominate AI Software as Wedbush Forecasts $2T AI Boom

Wedbush highlights Palantir and Salesforce as top AI investments, predicting rapid enterprise adoption and major capital spending

Feb 10, 2025

Summary

Wedbush sees Palantir and Salesforce leading AI-driven software growth, forecasting a $2T AI investment cycle over three years

Wedbush Securities views recent results from Palantir Technologies (PLTR, Financial) and Salesforce (CRM, Financial) as proof that artificial intelligence is reshaping the software industry.

"The AI software era is now here," Wedbush analyst Dan Ives wrote in a note, highlighting that 2025 will see an enterprise consumption surge, widespread large language model (LLM) adoption, and expanded generative AI use cases. He identified Palantir and Salesforce as the top AI software investments for 2025.

Ives also pointed to Oracle (ORCL, Financial), IBM (IBM), Innodata (INOD, Financial), Snowflake (SNOW, Financial), MongoDB (MDB, Financial), Elastic (ESTC, Financial), and Pegasystems (PEGA, Financial) as other key AI software beneficiaries.

Following Palantir's stock rally after its latest earnings, Ives believes Wall Street is still underestimating AI's impact on software. He forecasts a $2 trillion capital expenditure cycle over the next three years as enterprises and governments ramp up AI adoption.

Tech earnings have addressed many investor concerns, Ives added, though unexpected challenges may still emerge in this evolving AI landscape.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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