Jensen Huang Says Software Companies Are About to Benefit From AI. These 2 Stocks Could Win Big
It may be a great time to "buy low."
Jensen Huang Says Software Companies Are About to Benefit From AI. These 2 Stocks Could Win Big
Overview
Wall Street has been bearish on software companies. Some investors and analysts believe that artificial intelligence (AI) will significantly impact the industry, rendering many products and services offered by software specialists obsolete. However, at least one notable name in the AI world disagrees. Jensen Huang, the CEO of Nvidia (NASDAQ: NVDA) and arguably one of the most important thought leaders in the industry, said at a recent technology trade show that it's a great time to be a software company, as AI could improve their products and services rather than replace them. If he's right, it may be worth investing in beaten-down software stocks poised to rebound. Let's consider two excellent options: Veeva Systems (NYSE: VEEV) and Adobe (NASDAQ: ADBE).
Image source: The Motley Fool.
Veeva Systems is a SaaS (Software as a Service) company that delivers cloud-based solutions for companies in the life sciences sector. Veeva Systems is a leader in its niche of the cloud industry, thanks to its tailored products that meet the specific needs of its clientele. Pharmaceutical and medical device companies must deal with a stringent regulatory landscape, substantial upfront investments to develop products that may not reach the market for years, data integrity and privacy issues, and more.
Details
Source
Originally published at www.fool.com.
