3 Software Stocks Set to Capitalize the Most on the AI Craze

• The AI-led rally looks poised to continue higher.
• Investors looking to capitalize on the AI craze should consider the three software stocks discussed below.
• By utilizing InvestingPro’s comprehensive research and analysis features, you too can find the next big winners in the stock market.
• The InvestingPro Summer Sale is live: Subscribe for under $8/month!

As the AI revolution continues to gain momentum, several software companies are uniquely positioned to benefit from the surge in enterprise spending on AI infrastructure.

Among these, Palantir (NYSE:), Palo Alto Networks (NASDAQ:), and CrowdStrike (NASDAQ:) stand out for their innovative advancements in AI and strong financial health.

By leveraging the advanced research and analysis tools available through InvestingPro, let’s take a closer look at why these three companies are set to capitalize the most on the AI craze.

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Continuing our analysis, let’s delve deep to analyze the stocks further.

1. Palantir

• 2024 Year-To-Date: +50.5%
• Market Cap: $57.5 Billion

Palantir stock was trading at $25.85 as of Friday morning, just below its 2024 peak of $27.50 from March 7. Shares are up 50.5% year-to-date amid excitement over the software maker’s leading role in artificial intelligence.

Source: Investing.com

At current levels, the Denver, Colorado-based big-data firm has a market cap of $57.5 billion. Notwithstanding the recent turnaround, PLTR still trades well below the all-time intraday high of $45.00 set in late January 2021.

Palantir has been at the forefront of AI innovation, leveraging its cutting-edge data analytics platforms, Palantir Foundry and Palantir Gotham. These platforms integrate advanced AI and machine learning capabilities to help organizations make data-driven decisions.

Palantir’s AI solutions are widely used across various industries, including defense, healthcare, and finance, to analyze massive datasets and uncover actionable insights.

With the growing demand for AI-driven data analytics, Palantir is well-positioned to capitalize on the trend. The data-mining specialist’s continuous investment in AI research and development has resulted in state-of-the-art products that cater to the increasing needs of enterprises seeking to harness the power of AI.

Palantir boasts an excellent Financial Health Score of 4.0 out of 5.0, as assessed by InvestingPro’s AI-backed models.

Source: InvestingPro

This score reflects the company’s robust growth outlook, strong profitability trends, and…