Key insights
- An expert identifies CrowdStrike and Salesforce as potential AI winners, citing their integration of AI into offerings and Salesforce's potential as an AI company. Despite Salesforce's recent revenue forecast missing estimates, the analyst sees upside potential, suggesting a bullish outlook for these specific software and cybersecurity stocks due to AI adoption.
STORY: "The winners will be software companies that integrate AI into their offerings," said Kampitsis, who sees undervalued opportunities in the space.He pointed to cybersecurity names including CrowdStrike and Palo Alto Networks as companies that are integrating AI into their offerings, saying they "represent an opportunity."Kampitsis said another "opportunity with upside" was Salesforce, which he called an artificial intelligence company of its own."We think there's a lot of potential upside there for an investor looking to take a chance on a real opportunity," he said.Salesforce forecast second-quarter revenue below Wall Street estimates on Wednesday despite a stronger-than-expected first quarter.