Artificial intelligence has the potential to cause a huge shift in the software industry.
That’s created a ton of uncertainty for SaaS stocks, leading the market to sell off shares in most of those companies earlier this year
While some have recovered, they’re still standing on shaky ground. Companies demonstrating strong momentum in integrating AI into their products and selling AI services should produce accelerating revenue growth and help overcome the fears that struck the market earlier this year. One such stock set to produce AI-driven, accelerating revenue growth is Salesforce (NYSE: CRM).
Despite solid first-quarter results, shares now trade below their levels ahead of the report. That could make the stock a fantastic opportunity for investors willing to weather the ongoing SaaS-pocalypse. Revenue acceleration is around the corner The metric for investors to keep their eye on at Salesforce is its artificial intelligence-related revenue.