Salesforce Stock And 2 Other AI Stocks To Own

Global central banks are quietly reshaping their foreign exchange reserves, with several countries adding more gold and supporting their currencies. This shift keeps attention on the companies building the tools that power artificial intelligence, from chips to cloud platforms. For investors, that creates a clear theme to focus on rather than trying to track every macro headline. This article highlights three AI focused stocks from the screener that may warrant a closer look.

The three stocks below are just a starting sample, and the full AI screen surfaced 689 more companies that each have their own compelling ChatGPT and AI related narratives that are not covered here.

If you want to quickly identify and analyze the AI stocks that best fit your own thesis, head straight to the Artificial Intelligence/ AI Stocks screener.

Salesforce (CRM)

Overview: Salesforce is a large customer relationship management and cloud software company that now embeds AI deeply into its platform through Agentforce autonomous agents, Data 360 as the data foundation, and Slack as a conversational interface where people and AI agents work together. These tools let businesses run sales, service, marketing, and commerce workflows with LLM driven assistants plugged directly into their customer data.

Operations: Salesforce generates about US$43.9b from its multiple enterprise cloud computing market, with revenue spread across the United States at roughly US$26.6b, Europe at about US$10.8b, Asia Pacific at about US$4.5b, and the rest of the Americas around US$2.0b.

Market Cap: US$213.3b

Salesforce can be worth a closer look for investors seeking direct exposure to the AI agent trend inside large enterprises. Agentforce, Data 360 and the Claudeforce partnership with Anthropic link its CRM business to the same LLM and ChatGPT style technologies used in this screener, with AI related annual recurring revenue already reported in the billions. At the same time, the stock trades on a P/E below many US software peers while earnings margins and return on equity are described as healthy, which some investors see as potential for the AI story to be better reflected in the valuation. On the other hand, high debt, complex acquisitions and heavy competition from large technology rivals mean that execution on AI pricing, data privacy and product integration may need to be monitored closely.

Salesforce’s AI agent story and healthy margins could mean the current P/E is masking something important in the numbers. Scan the full DCF valuation analysis for Salesforce to see what the market might be missing.

IREN (IREN)

Overview: IREN Limited is an AI cloud services platform that develops and runs large scale data centers, supplying GPUs, CPUs, storage and managed software so customers can train and operate advanced AI and LLM workloads, while also running a separate Bitcoin mining business. This combination means IREN is trying to turn its energy efficient infrastructure into a dual use asset that supports both AI compute and crypto related activity.

Operations: IREN currently generates about US$578 million from Bitcoin mining and around US$129 million from AI cloud services, with roughly US$578 million of revenue in Australia and US$129 million in Canada.

Market Cap: US$17.6b

IREN may warrant further research from investors who want direct exposure to the AI infrastructure build out. Its owned data centers, transmission approvals and large GPU orders are already tied to long term contracts with customers such as Microsoft and NVIDIA, including a five year deal valued at US$9.7b and a planned ramp toward 1.2 GW of AI capacity. At the same time, the stock carries real risk, with a capital intensive build program, a history of shareholder dilution, short seller attention and a business model that is still working toward durable profitability. A key consideration is how IREN manages the trade off between rapid AI cloud expansion, funding pressures and the evolving role of its Bitcoin mining assets.

IREN’s rapid AI build out and major contracts could be masking a very different long term earnings profile. For the full context, see the analysis report for IREN

ServiceNow (NOW)

Overview: ServiceNow is a cloud software company that runs digital workflows for IT, security, HR and customer service. It now weaves generative AI into those workflows through products like ServiceNow Impact, App Engine, Automation Engine, workflow data fabric and RaptorDB so enterprises can use AI agents and recommendations inside everyday processes.

Operations: ServiceNow generates about US$14.7b in revenue from internet software and services, with roughly US$8.8b from the United States and the rest spread across EMEA, Asia Pacific and other regions.

Market Cap: US$146.0b

Investors looking at AI infrastructure beyond chips may find ServiceNow interesting because it aims to be the control plane that governs how AI actually runs inside large organisations, from IT tickets and HR requests to security workflows. Its AI driven platform already supports autonomous agents and recommendations, and partnerships with firms like Accenture, Tech Mahindra, Genesys and Aramco Digital are being used to move AI projects from pilots into production. The trade off is clear: the stock carries a rich valuation and depends on sustained enterprise AI adoption and good execution from a relatively new management team. If ServiceNow can keep turning AI hype into sticky workflow contracts, the long term story could look very different to current market sentiment.

ServiceNow’s rich valuation and AI ambitions may be masking what really drives this workflow story. Read the analyst forecasts for ServiceNow to see how current expectations could shift if one key assumption changes.

Seeking Alternatives Beyond These AI Stocks

Fresh opportunities can move from quiet to flying quickly. Use these focused lists to spot potential breakouts while they are still under the radar for now. Consider reviewing the following ideas:

• Target resilient compounding potential by scanning a curated 11 dividend fortresses before yields change or the crowd focuses on the same defensive income ideas.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.