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Promising Artificial Intelligence Stocks To Watch Today - June 1st

Salesforce logo with Computer and Technology background

Salesforce, ServiceNow, QUALCOMM, Snowflake, and Arista Networks are the five Artificial Intelligence stocks to watch today, according to MarketBeat's stock screener tool. Artificial intelligence stocks are shares of publicly traded companies whose primary business involves developing, implementing, or providing AI technologies and services—such as machine learning platforms, natural language processing tools, robotics, and data analytics. Investors buy these stocks with the expectation that growth in AI adoption will drive revenue and stock price appreciation. By holding AI stocks, investors gain exposure to the performance and innovation cycles of the artificial intelligence sector. These companies had the highest dollar trading volume of any Artificial Intelligence stocks within the last several days.

Salesforce (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

Shares of CRM stock traded down $1.89 during trading hours on Friday, reaching $265.03. 12,373,506 shares of the stock were exchanged, compared to its average volume of 6,670,055. The firm has a market capitalization of $254.80 billion, a P/E ratio of 43.59, a P/E/G ratio of 2.58 and a beta of 1.42. Salesforce has a 12-month low of $227.77 and a 12-month high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The business's fifty day moving average is $267.31 and its two-hundred day moving average is $304.49.

Read Our Latest Research Report on CRM

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

ServiceNow stock traded down $3.43 during mid-day trading on Friday, hitting $1,011.80. The company had a trading volume of 2,663,194 shares, compared to its average volume of 1,505,352. The stock has a market cap of $209.43 billion, a price-to-earnings ratio of 148.14, a PEG ratio of 4.51 and a beta of 0.97. ServiceNow has a 1 year low of $645.45 and a 1 year high of $1,198.09. The business has a fifty day moving average of $899.20 and a 200 day moving average of $974.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

Read Our Latest Research Report on NOW

QUALCOMM (QCOM)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.

Shares of NASDAQ QCOM traded down $3.12 during mid-day trading on Friday, hitting $145.22. 13,752,285 shares of the company were exchanged, compared to its average volume of 8,785,850. The stock has a 50 day simple moving average of $144.30 and a 200-day simple moving average of $155.59. The firm has a market cap of $159.45 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM has a 1-year low of $120.80 and a 1-year high of $230.63.

Read Our Latest Research Report on QCOM

Snowflake (SNOW)

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.

Shares of SNOW stock traded up $3.38 during mid-day trading on Friday, reaching $205.69. The stock had a trading volume of 7,073,445 shares, compared to its average volume of 6,434,906. Snowflake has a 12-month low of $107.13 and a 12-month high of $209.80. The company has a market cap of $68.67 billion, a P/E ratio of -60.68 and a beta of 1.11. The business has a 50-day simple moving average of $163.63 and a 200 day simple moving average of $166.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Read Our Latest Research Report on SNOW

Arista Networks (ANET)

Arista Networks, Inc. engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

NYSE:ANET traded up $0.12 during mid-day trading on Friday, reaching $86.49. The company's stock had a trading volume of 16,490,789 shares, compared to its average volume of 9,029,731. The company's fifty day simple moving average is $81.89 and its two-hundred day simple moving average is $96.59. Arista Networks has a twelve month low of $59.43 and a twelve month high of $133.58. The stock has a market cap of $108.62 billion, a P/E ratio of 38.96, a P/E/G ratio of 3.10 and a beta of 1.38.

Read Our Latest Research Report on ANET

Further Reading

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