Episode 42: 3 Top Software Stocks That Can Thrive In the New Generative AI Computing Age

Salesforce, ServiceNow, and UiPath are cloud-based software service providers that help businesses get more efficient. Each has had bumps in the road during the bear market last year, but are things starting to turn around for the better? Salesforce has right sized its expenses and is focused on profitable growth and share buybacks. It is using AI to help customers get the most out of their customer data. ServiceNow has remained a strong business performer, but the stock price dipped last year anyways. Recently, ServiceNow has said it will use Nvidia's AI and traing software, and in turn Nvidia will use ServiceNow to supercharge their research and design work. UiPath recently announced a shuffle in the C-Suite, with Co-Founder and Co-CEO Daniel Dines moving to the role of Chief Innovation officer. Google Cloud's former President is now at the helm. The company is focused on using AI to help businesses automate processes and get more profitable. Chip Stock Investor explains how this year's explosion in AI chip sales could eventually trickle down to better results for these three and other software companies in 2024. Nick and Kasey also discuss how they would go about purchasing shares of Salesforce, ServiceNow, and UiPath in this software stock edition of Chip Stock Investor. If you feel like leaving us a tip you can do so at : https://ko-fi.com/chipstockinvestor Thanks for the support! Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Nicholas and Kasey Rossolillo own shares of Salesforce & UiPath.