How Nvidia's $10 Ripple Effect Could Lift Adobe, Salesforce, ServiceNow

Benzinga
2025.06.05 12:30
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Nvidia's chip boom is creating a ripple effect across the tech ecosystem, with an estimated $8-$10 multiplier for every dollar spent on Nvidia products, according to Wedbush analyst Dan Ives. This impact is benefiting software giants like Adobe, Salesforce, and ServiceNow as enterprise clients shift focus to AI deployment. While Nvidia's stock has cooled recently, companies like Adobe and ServiceNow are seeing gains. Wedbush anticipates 2025 as a pivotal year for enterprise AI adoption, highlighting the importance of identifying software players that will benefit from the projected $2 trillion AI spending wave.