Tidal wave of AI revolution on doorstep: Analyst says AI is well underway and poised to transform industries.

Quick Summary:

These companies have reported “eye-popping capital expenditure numbers,” initiating an “AI tidal wave” in software and cloud development driven by generative AI.“The next phase of AI spending is now on the doorstep for the likes of Salesforce Inc.(NYSE:CRM), MongoDB Inc.(NASDAQ:MDB), Oracle Corp.(NYSE:ORCL), ServiceNow Inc.(NYSE:NOW), Palantir Technologies Inc.(NYSE:PLTR), Snowflake Inc.(NYSE:SNOW) and many others,” Ives wrote.

The impressive results from tech giants such as Microsoft Corp.(NYSE:MSFT), Alphabet Inc.(NASDAQ:GOOGL)(NASDAQ:GOOG) and Amazon.com Inc.(NASDAQ:AMZN) underscored this transition, according to Daniel Ives, an equity analyst at Wedbush.

The recent earnings season has made it abundantly clear that the AI revolution is not just knocking on the door but has forcefully entered the tech world.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: GOOGL Benzinga US38259P5089 AMZN MDB US68389X1054 AI Wedbush Expert Ideas US0378331005 Daniel Ives Large Cap US67066G1040 NVDA SNOW US5949181045 Artificial intelligence AAPL Mid Cap Top Stories NOW CRM US0231351067 Tech GOOG US79466L3024 ORCL Small Cap META US38259P7069 MSFT Stories That Matter PLTR

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-10 @ 20:27:45 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20932959

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 55 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions