Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector.
The analyst projects a monumental shift driven by generative AI adoption, enterprise consumption, and large language model (LLM) launches. As a result, Ives has upgraded Snowflake Inc (NYSE:SNOW) and Elastic NV (NYSE:ESTC) to Outperform and raised price targets for Palantir Technologies Inc (NYSE:PLTR) and Salesforce Inc (NYSE:CRM) to reflect their enhanced growth potential.
