The era of AI applications has arrived! The big bull stock AppLovin has risen more than 850% in the past year. Who is likely to become the next potential stock?

人工智能軟件的時代已經到來？

在資本市場，AI技術的迅猛迭代給了資本市場巨大的想象空間。

在當前二級市場上，芯片不再是最受AI投資青睞的方向，取而代之的是AI應用——美股的「AI+」正跑出越來越多牛股。

近期，美股AI應用概念股 $Applovin (APP.US)$ 再創下歷史新高，年初至今股價漲幅超850%，市值超千億美元，續寫AI神話。而「AI+國防」 $Palantir (PLTR.US)$ 今年升幅也高達318%，此前文章It is also reported that the market speculates it may be included in the Nasdaq 100 index.

Guosheng Securities stated,2025 is expected to usher in the moment of AI application development.

According to Menlovc data, overall enterprise AI spending has increased from 2.3 billion US dollars last year to 13.8 billion US dollars this year.The foundational model still accounts for the largest part of the spending, but model deployment, the application layer, is growing at a faster rate.Therefore, looking into 2025, how do we find potential AI application stocks?The foundational model still accounts for the largest part of the spending, but model deployment, the application layer, is growing at a faster rate.

Therefore, looking into 2025, how do we find potential AI application stocks?Futu News has compiled some information.“AI+”software stocks for mooer reference:

including, AI+ data analysis $Palantir (PLTR.US)$ 、 $Cellebrite (CLBT.US)$ 、 $Elastic (ESTC.US)$ , with the first two rising more than 310% and 140% respectively this year, while the last one recorded a decline;

AI+ cloud computing service $ServiceNow (NOW.US)$ 、 $CommVault Systems (CVLT.US)$ 、 $Datadog (DDOG.US)$ 、 $Cloudflare (NET.US)$ 、 $Snowflake (SNOW.US)$ 、 $MongoDB (MDB.US)$ 、 $Confluent (CFLT.US)$ 、 $Gitlab (GTLB.US)$ 、 $Fastly (FSLY.US)$ ；

AI+ digital advertising and marketing $Applovin (APP.US)$ 、 $The Trade Desk (TTD.US)$ 、 $Digital Turbine (APPS.US)$ 、 $Klaviyo (KVYO.US)$ 、 $Zeta Global (ZETA.US)$ 、 $Braze (BRZE.US)$ 、 $Adobe (ADBE.US)$ 、 $Twilio (TWLO.US)$ 、 $Life360 (LIF.US)$ ；

AI+Enterprise Solutions $Doximity (DOCS.US)$ 、 $Workday (WDAY.US)$ 、 $Automatic Data Processing (ADP.US)$ 、 $Zoom Communications (ZM.US)$ 、 $SAP SE (SAP.US)$ ；

AI+ project management $monday.com (MNDY.US)$ 、 $Atlassian (TEAM.US)$ 、 $Smartsheet (Delisted) (SMAR.US)$ 、 $Asana (ASAN.US)$ ；

AI+ sales and marketing platform $HubSpot (HUBS.US)$ 、 $Salesforce (CRM.US)$；

The concept of AI+ Internet of Things $Samsara (IOT.US)$ ；AI+ online education $Duolingo (DUOL.US)$ 。

According to research reports from Zheshang Securities, AI has already begun to show a trend of replacing old models in the fields of advertising marketing and online education. Among them, in the advertising marketing sector, represented by Docusign, through the AI advertising engine AXON 2.0, efficiently conducts large-scale ad auctions between demand and supply within microseconds, thereby driving significant revenue growth; $Applovin (APP.US)$ the SSE Consumer 50 Index as a representative example, achieving significant growth in performance;

In the field of online education, the growth rate is also as high as 64% within a year. The company has improved traditional online education in terms of efficiency and cost, using AI technology to not only enhance operational efficiency and reduce reliance on a large amount of manual work, but also improve user experience. Since 2024, profit has also seen a substantial increase. $Duolingo (DUOL.US)$

Currently, The public's understanding of the application of ai is becoming increasingly refined and diversified, while there are also more ai concept stocks, using performance to prove the ways of realizing ai. 。

$Asana (ASAN.US)$ 、$DocuSign (DOCU.US)$、 $Gitlab (GTLB.US)$ 、 $Veeva Systems (VEEV.US)$Today, they all surged collectively, with increases of 24%, 18%, 9%, and 4% respectively.

The driving force behind the sharp rise all comes from the better-than-expected performance data.。

Docusign is the world's leading digital signature platform.Users can create and manage agreements on its platform, and utilize AI to assist in contract review, predictive input, and contract status inquiries.

The latest performance announcement shows that in the quarter ending on October 31, the company's total revenue was 0.755 billion US dollars, an 8% year-on-year growth, exceeding analysts' expectations for four consecutive quarters; subscription revenue was 0.735 billion US dollars, an 8% year-on-year growth. CEO Allan Thygesen stated that in the third quarter, Docusign's Intelligent Agreement Management (IAM) platform showed early development momentum exceeding expectations.

Asana is an enterprise work management platform, and the company announced the launch of AI Studio, marking its transformation into a multi-product company.

According to the latest report for the third quarter of the fiscal year 2025, the company's revenue was 0.184 billion US dollars, a 10% year-on-year growth; loss per share was 0.02 US dollars, both beating market expectations. The number of core customers (spending 5,000 US dollars or more annually) grew by 11%, and the number of customers spending over 0.1 million US dollars grew by 18%. At the same time, Asana raised its 2025 fiscal year revenue expectations while lowering its full-year loss expectations.

Cloud software development tools provider GitLab has been continuously investing in ai, launching a number of important initiatives in product innovation and ai strategy this quarter.

In collaboration with AWS, GitLab has launched the GitLab Duo and Amazon Q integrated solution, providing an AI-driven developer experience; introduced the Advanced SAST (Static Application Security Testing) feature for Ultimate version customers. GitLab's third-quarter performance exceeded expectations. GitLab reported revenue of $0.196 billion this quarter, up 31% year-on-year. Earnings per share were 23 cents, far surpassing the market's expected 16 cents. In addition, GitLab achieved a net profit of $28.3 million, a strong financial recovery compared to the loss of $0.286 billion in the same period last year.

Veeva is the world's leading cloud-based software solutions provider for the life sciences industry.

The company's Q3 performance exceeded expectations, mainly benefiting from the widespread adoption of cloud across all sectors, and achieving significant milestones in the business field, especially in CRM.

$Salesforce (CRM.US)$ 、 $Elastic (ESTC.US)$ 、 $Snowflake (SNOW.US)$ also announced very impressive performance recently. Brokerages point out that the performance of software stocks this quarter may indicate that AI application companies will gradually enter the incremental revenue realization stage brought by AI.

ARK Invest's CEO Cathie Wood once said,Software stocks will be the next major opportunity for AI,These companies can generate an $8 return for every $1 spent on chips from suppliers like Nvidia.

Similarly, renowned analyst Daniel Ives from Wedbush also shared a similar view—AI is becoming a key driver in the software sector.Nowadays, the entire software industry is fully embracing the wave of AI. With rapidly increasing use cases,It is expected that enterprises will begin the large-scale AI application phase in 2025.The widespread deployment of large models and the popularization of AIGC will both become important catalysts for the development of the software industry.

AI application boom is coming! Make good use of the "Investment Themes" feature to navigate futubull> US Stocks> Investment Themes>AI application software stocks, capturing investment opportunities.

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