Next 'AI party' phase is coming to boost software firms like Snowflake, Elastic, Palantir
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Wedbush has upgraded Snowflake and Elastic to a positive rating, anticipating a boost from the next phase of the AI revolution. This phase, termed the 'enterprise consumption phase', involves the launch of large language models and increased adoption of generative AI, which is expected to be a major catalyst for the software sector.
November 26, 2024 | 8:30 pm
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Elastic has been upgraded to a positive rating by Wedbush, which anticipates the next phase of AI as a major catalyst for the company.
Wedbush's upgrade of Elastic to a positive rating is based on the expected impact of the next phase of AI, particularly the enterprise consumption phase. This indicates potential growth opportunities for Elastic.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Snowflake has been upgraded to a positive rating by Wedbush, which sees the next phase of AI as a major catalyst for the company.
Wedbush's upgrade of Snowflake to a positive rating is based on the anticipated benefits from the next phase of AI, particularly the enterprise consumption phase. This suggests increased demand and potential revenue growth for Snowflake.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90