In the capital markets, the rapid iteration of AI technology has created significant imagination space in the capital markets.

In the current secondary market, chips are no longer the most favored direction for AI investment; instead, AI applications are taking the lead - the 'AI+' in US stocks is producing more and more profitable stocks.

Recently, US stocks in the AI application concept sector $Applovin (APP.US)$ have set new historical records again, with a price increase of over 850% year-to-date, and a market cap exceeding 100 billion dollars, continuing to write the AI myth. While 'AI + Defense' $Palantir (PLTR.US)$ has also risen by 318% this year.This article previouslyIt is also noted that the market currently speculates it is likely to be included in the Nasdaq 100 index.

Guosheng Securities states that 2025 is expected to welcome the blossoming moment of AI applications.

According to Menlovc data, overall corporate AI spending has risen from last year's 2.3 billion USD to this year's 13.8 billion USD. The foundational model remains the largest portion of spending, but the growth rate in model deployment and the application layer is even faster.

So, looking forward to 2025, how to find potential AI application stocks? Futu News compiled a list of some "AI+" software stocks for mooers' reference:

This includes AI + data analysis. $Palantir (PLTR.US)$ 、 $Cellebrite (CLBT.US)$ 、 $Elastic (ESTC.US)$ Among them, the first two have risen by over 310% and 140% this year, while the last one still 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. $monday.com (MNDY.US)$ 、 $Atlassian (TEAM.US)$ 、 $Smartsheet (SMAR.US)$ 、 $Asana (ASAN.US)$ ；

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

AI + internet of things $Samsara (IOT.US)$ ; AI + online education $Duolingo (DUOL.US)$ 。

According to research reports from zheshang, AI has already shown a preliminary trend of replacing old models in the fields of advertising marketing and online education. $Applovin (APP.US)$ The advertising marketing field is represented by a company, which has achieved significant growth in performance through its AI advertising engine AXON 2.0, enabling efficient large-scale advertising auctions between demand and supply in a few microseconds.

In the online education sector, $Duolingo (DUOL.US)$the annual increase has reached 64%. The company has improved traditional online education from both efficiency and cost perspectives, leveraging AI technology to not only enhance operational efficiency and reduce reliance on a large workforce, but also to enhance user experience, resulting in a significant increase in profitability since 2024.

Currently, the external understanding of AI applications is becoming more refined and diversified, with more AI application concept stocks proving the monetization avenues of AI through financial report performance.

$Asana (ASAN.US)$ 、$DocuSign (DOCU.US)$ 、 $Gitlab (GTLB.US)$ 、 $Veeva Systems (VEEV.US)$ Today also saw a collective surge, with increases of 24%, 18%, 9%, and 4% respectively.

The motivation for the surge comes entirely from the better-than-expected financial report data.

Docusign is the global leader in digital signature platforms, allowing users to create and manage agreements on its platform, and utilize ai to assist with contract review, predict inputs, query contract status, and more.

The latest announced financial report shows that for the fiscal quarter ending October 31, the company's total revenue was 0.755 billion USD, an 8% year-on-year increase, exceeding analyst expectations for four consecutive quarters; subscription revenue was 0.735 billion USD, also an 8% year-on-year increase. The company's CEO Allan Thygesen stated that the early momentum of Docusign's Intelligent Agreement Management (IAM) platform in the third fiscal quarter exceeded expectations.

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

According to the latest third quarter report for the fiscal year 2025, the company's revenue was 0.184 billion dollars, a year-on-year increase of 10%; the loss per share was 0.02 dollars, which is better than market expectations. The number of core customers (those spending 5,000 dollars or more annually) increased by 11%, and the number of customers spending over 0.1 million dollars grew by 18%. Meanwhile, Asana raised its full-year revenue expectations for fiscal year 2025 while lowering its expectations for total loss.

Cloud-based software development tool provider GitLab has been continuously focusing on ai, launching several important initiatives this quarter in product innovation and ai strategy:

Launched an integration solution of GitLab Duo with AWS and Amazon Q, providing an AI-driven developer experience; introduced Advanced SAST (Static Application Security Testing) features for Ultimate version customers.

GitLab's third quarter financial report shows that the company's performance exceeded expectations. GitLab reported that its revenue for this quarter reached 0.196 billion dollars, a year-on-year increase of 31%. The earnings per share was 23 cents, far exceeding the market expectation of 16 cents. Additionally, GitLab achieved a net income of 28.3 million dollars, compared to a loss of 0.286 billion dollars in the same period last year, demonstrating a strong financial recovery.

Veeva is a leading global provider of cloud-based software solutions for the life sciences industry.

The company's Q3 performance exceeded expectations, mainly benefiting from the widespread adoption of the development cloud across all sectors, while also achieving important milestones in the commercial field, especially in CRM.

In addition, in recent days, $Salesforce (CRM.US)$ 、 $Elastic (ESTC.US)$ 、 $Snowflake (SNOW.US)$ An impressive performance was also announced. Brokerages pointed out that the performance of software stocks this quarter may indicate that companies in the AI application sector will gradually enter the phase of realizing incremental performance brought by AI.

Hedge fund ARK Invest's CEO Cathie Wood has stated that software stocks will be the next major opportunity for ai, as these companies can generate 8 dollars in return for every 1 dollar spent on chips from suppliers like nvidia.

Coincidentally, well-known analyst Daniel Ives from Wedbush also expressed a similar viewpoint – AI is becoming a key driving force in the software sector. The entire software industry is now fully embracing the AI wave. With the rapid increase in usage scenarios, it is expected that companies will begin entering a large-scale AI application stage 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.

The AI application boom is coming! Make good use of the 'investment theme' feature by opening Futubull > US stocks > investment themes.AI application software stocks, to capture investment opportunities.

Editor/Somer