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Kiwi户60900
2025-12-17
$Smart NZ Top 10 ETF Units(TNZ.NZ)$
Why Oracle and three other "out of favor" software stocks may become the next stage of AI market
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href=\"https://ttm.financial/S/TNZ.NZ\">$Smart NZ Top 10 ETF Units(TNZ.NZ)$ </a>","listText":"<a href=\"https://ttm.financial/S/TNZ.NZ\">$Smart NZ Top 10 ETF Units(TNZ.NZ)$ </a>","text":"$Smart NZ Top 10 ETF Units(TNZ.NZ)$ ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/511703754220056","repostId":"1124986690","repostType":4,"repost":{"id":"1124986690","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1765953712,"share":"https://ttm.financial/m/news/1124986690?lang=en_US&edition=fundamental","pubTime":"2025-12-17 14:41","market":"us","language":"zh","title":"Why Oracle and three other \"out of favor\" software stocks may become the next stage of AI market","url":"https://stock-news.laohu8.com/highlight/detail?id=1124986690","media":"老虎资讯综合","summary":"伯西预计，甲骨文在2025年至2030年期间的每股收益年均增速将超过25%，目标价为364美元，接近当前股价的两倍。上述四只股票在汇丰的评级均为“买入”。甲骨文已开发出向量化数据库，可将复杂的业务数据转化为AI模型易于理解和搜索的数字语言。不过，本周有关 ServiceNow 可能收购网络安全公司 Armis 的传闻，令该股遭到重挫。伯西给予 ServiceNow 的目标价为1332美元。","content":"<p><html><head></head><body><strong>gist</strong></p><p><ul style=\"\"><li>Due to concerns about AI impacting business models, Salesforce (<a href=\"https://laohu8.com/S/CRM\">SAIFTSE</a>) and<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>And other software stocks are down more than 20% this year, while<a href=\"https://laohu8.com/S/ORCL\">Oracle</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Although it recorded gains during the year, its performance still lagged the S&P 500 index.</p><p></li><li>Stephen Bersey, an analyst at HSBC, predicts that by 2026, the focus of AI investment will shift from hardware to software, and he is more bullish on companies that already control enterprise data resources.</p><p></li><li>Bercy expects Oracle to average annual EPS growth of more than 25% between 2025 and 2030, with a price target of $364, nearly double the current share price.</p><p></li></ul>In the moment, software stocks may not be the most popular way to engage with the AI investing theme, but that could change soon.</p><p>Since the beginning of the year, the shares of well-known software companies such as Salesforce (CRM) and ServiceNow (NOW) have fallen by more than 20% amid concerns that AI will weaken their business models. While Oracle (ORCL) and Microsoft (MSFT) still recorded positive returns during the year, their performance still underperformed the S&P 500 Index (SPX).</p><p>Stephen Bersey, an analyst at HSBC, believes that as the infrastructure stage of AI investment has gradually matured, the market will usher in a turnaround. He believes that these four neglected stocks will be at the forefront of deeply embedding \"agentic AI\" into software applications, thus ushering in a rebound soon. All four of the above stocks have a \"buy\" rating at HSBC.</p><p>Bercy wrote in a research report released on Tuesday: \"AI will really realize the landing of large-scale products, mainly from the software industry. We believe that 2026 will be a critical year for investors to start focusing on shifting from hardware to software.\"</p><p>Bercy sees \"a huge wave of AI\" that will benefit vendors who are already in control of enterprise data. For Oracle, this is a significant competitive advantage because its database software carries a large amount of sensitive enterprise data. Oracle has developed vectorized databases that transform complex business data into digital languages that AI models can easily understand and search for.</p><p>Despite the recent correction in Oracle's stock price, Bercy believes that the negative sentiment stems from investors not yet fully recognizing the importance of Oracle's \"data dominance\" at a time when companies want to train AI agents based on pre-existing data, which is already stored in Oracle's system.</p><p>Bercy expects Oracle's earnings per share to continue to grow at an average annual rate of more than 25% from 2025 to 2030. He gave the stock a price target of $364, nearly double the current share price.</p><p>Bercy also pointed out that Microsoft also has an advantage because of its ability to access enterprise customer data. Microsoft is building a huge \"agent-based ecosystem\" to help enterprises deploy AI agents at scale. Its recent $45 billion partnership with Nvidia (NVDA) and Anthropic enables Microsoft to offer Azure cloud computing customers more model options. In the previous quarter, Microsoft disclosed a 40% year-over-year increase in Azure revenue. Bercy has given Microsoft a price target of $667.</p><p>Pure enterprise software companies have been under pressure this year because investors are still waiting for clearer evidence that AI can actually improve the profitability of these companies. The sell-off created an opportunity to buy Salesforce at a low price, with Bercy seeing the company as \"significantly undervalued\" and giving it a $336 price target.</p><p>Salesforce's Agentforce product allows businesses to build autonomous agents that can handle customer service work orders or evaluate leads without human intervention. In early December, Salesforce reported both operating profit and earnings per share that beat market expectations and said revenue growth was on track to reaccelerate to double digits over the next 12 to 18 months.</p><p>Bercy believes that ServiceNow, which provides a digital workflow management platform, is also one of the software beneficiaries under the AI investment theme. The company is working on launching tools for AI governance. Earlier this year, ServiceNow launched an \"AI Control Tower\" feature that enables executives to track the operation of various AI agents within the company.</p><p>However, this week, the stock was hammered by rumors that ServiceNow could buy cybersecurity company Armis. Investors are concerned that ServiceNow may pay an exorbitant acquisition premium in pursuit of growth, diverging resources into its core business.</p><p>Bercy has a $1,332 price target on ServiceNow. ServiceNow will implement a 1-for-5 stock split after market close on Dec. 17.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Oracle and three other \"out of favor\" software stocks may become the next stage of AI market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Oracle and three other \"out of favor\" software stocks may become the next stage of AI market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-12-17 14:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>gist</strong></p><p><ul style=\"\"><li>Due to concerns about AI impacting business models, Salesforce (<a href=\"https://laohu8.com/S/CRM\">SAIFTSE</a>) and<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>And other software stocks are down more than 20% this year, while<a href=\"https://laohu8.com/S/ORCL\">Oracle</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Although it recorded gains during the year, its performance still lagged the S&P 500 index.</p><p></li><li>Stephen Bersey, an analyst at HSBC, predicts that by 2026, the focus of AI investment will shift from hardware to software, and he is more bullish on companies that already control enterprise data resources.</p><p></li><li>Bercy expects Oracle to average annual EPS growth of more than 25% between 2025 and 2030, with a price target of $364, nearly double the current share price.</p><p></li></ul>In the moment, software stocks may not be the most popular way to engage with the AI investing theme, but that could change soon.</p><p>Since the beginning of the year, the shares of well-known software companies such as Salesforce (CRM) and ServiceNow (NOW) have fallen by more than 20% amid concerns that AI will weaken their business models. While Oracle (ORCL) and Microsoft (MSFT) still recorded positive returns during the year, their performance still underperformed the S&P 500 Index (SPX).</p><p>Stephen Bersey, an analyst at HSBC, believes that as the infrastructure stage of AI investment has gradually matured, the market will usher in a turnaround. He believes that these four neglected stocks will be at the forefront of deeply embedding \"agentic AI\" into software applications, thus ushering in a rebound soon. All four of the above stocks have a \"buy\" rating at HSBC.</p><p>Bercy wrote in a research report released on Tuesday: \"AI will really realize the landing of large-scale products, mainly from the software industry. We believe that 2026 will be a critical year for investors to start focusing on shifting from hardware to software.\"</p><p>Bercy sees \"a huge wave of AI\" that will benefit vendors who are already in control of enterprise data. For Oracle, this is a significant competitive advantage because its database software carries a large amount of sensitive enterprise data. Oracle has developed vectorized databases that transform complex business data into digital languages that AI models can easily understand and search for.</p><p>Despite the recent correction in Oracle's stock price, Bercy believes that the negative sentiment stems from investors not yet fully recognizing the importance of Oracle's \"data dominance\" at a time when companies want to train AI agents based on pre-existing data, which is already stored in Oracle's system.</p><p>Bercy expects Oracle's earnings per share to continue to grow at an average annual rate of more than 25% from 2025 to 2030. He gave the stock a price target of $364, nearly double the current share price.</p><p>Bercy also pointed out that Microsoft also has an advantage because of its ability to access enterprise customer data. Microsoft is building a huge \"agent-based ecosystem\" to help enterprises deploy AI agents at scale. Its recent $45 billion partnership with Nvidia (NVDA) and Anthropic enables Microsoft to offer Azure cloud computing customers more model options. In the previous quarter, Microsoft disclosed a 40% year-over-year increase in Azure revenue. Bercy has given Microsoft a price target of $667.</p><p>Pure enterprise software companies have been under pressure this year because investors are still waiting for clearer evidence that AI can actually improve the profitability of these companies. The sell-off created an opportunity to buy Salesforce at a low price, with Bercy seeing the company as \"significantly undervalued\" and giving it a $336 price target.</p><p>Salesforce's Agentforce product allows businesses to build autonomous agents that can handle customer service work orders or evaluate leads without human intervention. In early December, Salesforce reported both operating profit and earnings per share that beat market expectations and said revenue growth was on track to reaccelerate to double digits over the next 12 to 18 months.</p><p>Bercy believes that ServiceNow, which provides a digital workflow management platform, is also one of the software beneficiaries under the AI investment theme. The company is working on launching tools for AI governance. Earlier this year, ServiceNow launched an \"AI Control Tower\" feature that enables executives to track the operation of various AI agents within the company.</p><p>However, this week, the stock was hammered by rumors that ServiceNow could buy cybersecurity company Armis. Investors are concerned that ServiceNow may pay an exorbitant acquisition premium in pursuit of growth, diverging resources into its core business.</p><p>Bercy has a $1,332 price target on ServiceNow. ServiceNow will implement a 1-for-5 stock split after market close on Dec. 17.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65f48a892cdcaab300c901c1e9e1c374","relate_stocks":{"MSFT":"微软","CRM":"赛富时","NOW":"ServiceNow","ORCL":"甲骨文"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124986690","content_text":"要点由于对人工智能冲击商业模式的担忧，Salesforce （ 赛富时 ）和 ServiceNow 等软件股今年以来下跌逾20%，而 甲骨文 和 微软 虽录得年内上涨，但表现仍落后于标普500指数。汇丰银行分析师斯蒂芬·伯西（Stephen Bersey）预计，到2026年，AI投资重点将从硬件转向软件，更看好那些已掌控企业数据资源的公司。伯西预计，甲骨文在2025年至2030年期间的每股收益年均增速将超过25%，目标价为364美元，接近当前股价的两倍。在当下，软件股或许并不是参与人工智能投资主题最受欢迎的方式，但这种情况可能很快就会发生改变。今年以来，由于市场担心AI会削弱其商业模式，Salesforce（CRM）和ServiceNow（NOW）等知名软件公司股价累计下跌超过20%。而甲骨文（ORCL）和微软（MSFT）虽然年内仍录得正回报，但表现依然跑输标普500指数（SPX）。汇丰银行分析师斯蒂芬·伯西（Stephen Bersey）认为，随着AI投资中基础设施这一阶段已经逐步成熟，市场将迎来一次转向。他相信，这四只被忽视的股票将在把“代理型AI”（agentic AI）深度嵌入软件应用方面走在前列，从而很快迎来反弹。上述四只股票在汇丰的评级均为“买入”。伯西在周二发布的研报中写道：“AI真正实现规模化产品落地，主要将来自软件行业。我们认为，2026年将成为投资者开始把关注重点从硬件转向软件的关键一年。”伯西看到了“一波巨大的AI浪潮”，这将有利于那些已经掌控企业数据的供应商。对甲骨文而言，这是一个显著的竞争优势，因为其数据库软件承载着大量敏感的企业数据。甲骨文已开发出向量化数据库，可将复杂的业务数据转化为AI模型易于理解和搜索的数字语言。尽管甲骨文股价近期回调，伯西认为，这种负面情绪源于投资者尚未充分认识到，在企业希望基于既有数据（而这些数据已存储在甲骨文系统中）来训练AI代理时，甲骨文“数据主导地位”的重要性。伯西预计，甲骨文的每股收益将在2025年至2030年期间保持年均超过25%的增长。他给予该股364美元的目标价，几乎是当前股价的两倍。伯西还指出，微软同样因其对企业客户数据的访问能力而具备优势。微软正在构建一个庞大的“代理型生态系统”，以帮助企业大规模部署AI代理。其近期与英伟达（NVDA）和 Anthropic 达成的450亿美元合作，使微软能够为Azure云计算客户提供更多模型选择。上一季度，微软披露Azure收入同比增长40%。伯西给予微软的目标价为667美元。纯企业级软件公司今年以来表现承压，原因在于投资者仍在等待更明确的证据，证明AI能够切实提升这些公司的盈利能力。这一轮抛售为低价买入Salesforce创造了机会，伯西认为该公司“被严重低估”，并给予其336美元的目标价。Salesforce 的 Agentforce 产品允许企业构建自主代理，无需人工干预即可处理客户服务工单或评估销售线索。12月初，Salesforce公布的营业利润和每股收益均超出市场预期，并表示未来12至18个月内营收增速有望重新加速至两位数。伯西认为，提供数字化工作流管理平台的 ServiceNow 也是AI投资主题下的软件受益者之一。该公司正致力于推出用于AI治理的工具。今年早些时候，ServiceNow 推出了“AI控制塔”（AI Control Tower）功能，使高管能够追踪公司内部各类AI代理的运行情况。不过，本周有关 ServiceNow 可能收购网络安全公司 Armis 的传闻，令该股遭到重挫。投资者担心，ServiceNow 为追求增长可能支付过高的收购溢价，从而分散对其核心业务的资源投入。伯西给予 ServiceNow 的目标价为1332美元。ServiceNow 将在12月17日收盘后实施1拆5的股票拆分。","news_type":1,"symbols_score_info":{"NOW":2,"ORCL":2,"MSFT":2,"CRM":2}},"isVote":1,"tweetType":1,"viewCount":861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":511703754220056,"gmtCreate":1765955231271,"gmtModify":1765957771600,"author":{"id":"4091336412238530","authorId":"4091336412238530","name":"Kiwi户60900","avatar":"https://static.tigerbbs.com/a4123240dbf8f9354d466916a5ce7abf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091336412238530","authorIdStr":"4091336412238530"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/TNZ.NZ\">$Smart NZ Top 10 ETF Units(TNZ.NZ)$ </a>","listText":"<a href=\"https://ttm.financial/S/TNZ.NZ\">$Smart NZ Top 10 ETF Units(TNZ.NZ)$ </a>","text":"$Smart NZ Top 10 ETF Units(TNZ.NZ)$ ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/511703754220056","repostId":"1124986690","repostType":4,"repost":{"id":"1124986690","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1765953712,"share":"https://ttm.financial/m/news/1124986690?lang=en_US&edition=fundamental","pubTime":"2025-12-17 14:41","market":"us","language":"zh","title":"Why Oracle and three other \"out of favor\" software stocks may become the next stage of AI market","url":"https://stock-news.laohu8.com/highlight/detail?id=1124986690","media":"老虎资讯综合","summary":"伯西预计，甲骨文在2025年至2030年期间的每股收益年均增速将超过25%，目标价为364美元，接近当前股价的两倍。上述四只股票在汇丰的评级均为“买入”。甲骨文已开发出向量化数据库，可将复杂的业务数据转化为AI模型易于理解和搜索的数字语言。不过，本周有关 ServiceNow 可能收购网络安全公司 Armis 的传闻，令该股遭到重挫。伯西给予 ServiceNow 的目标价为1332美元。","content":"<p><html><head></head><body><strong>gist</strong></p><p><ul style=\"\"><li>Due to concerns about AI impacting business models, Salesforce (<a href=\"https://laohu8.com/S/CRM\">SAIFTSE</a>) and<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>And other software stocks are down more than 20% this year, while<a href=\"https://laohu8.com/S/ORCL\">Oracle</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Although it recorded gains during the year, its performance still lagged the S&P 500 index.</p><p></li><li>Stephen Bersey, an analyst at HSBC, predicts that by 2026, the focus of AI investment will shift from hardware to software, and he is more bullish on companies that already control enterprise data resources.</p><p></li><li>Bercy expects Oracle to average annual EPS growth of more than 25% between 2025 and 2030, with a price target of $364, nearly double the current share price.</p><p></li></ul>In the moment, software stocks may not be the most popular way to engage with the AI investing theme, but that could change soon.</p><p>Since the beginning of the year, the shares of well-known software companies such as Salesforce (CRM) and ServiceNow (NOW) have fallen by more than 20% amid concerns that AI will weaken their business models. While Oracle (ORCL) and Microsoft (MSFT) still recorded positive returns during the year, their performance still underperformed the S&P 500 Index (SPX).</p><p>Stephen Bersey, an analyst at HSBC, believes that as the infrastructure stage of AI investment has gradually matured, the market will usher in a turnaround. He believes that these four neglected stocks will be at the forefront of deeply embedding \"agentic AI\" into software applications, thus ushering in a rebound soon. All four of the above stocks have a \"buy\" rating at HSBC.</p><p>Bercy wrote in a research report released on Tuesday: \"AI will really realize the landing of large-scale products, mainly from the software industry. We believe that 2026 will be a critical year for investors to start focusing on shifting from hardware to software.\"</p><p>Bercy sees \"a huge wave of AI\" that will benefit vendors who are already in control of enterprise data. For Oracle, this is a significant competitive advantage because its database software carries a large amount of sensitive enterprise data. Oracle has developed vectorized databases that transform complex business data into digital languages that AI models can easily understand and search for.</p><p>Despite the recent correction in Oracle's stock price, Bercy believes that the negative sentiment stems from investors not yet fully recognizing the importance of Oracle's \"data dominance\" at a time when companies want to train AI agents based on pre-existing data, which is already stored in Oracle's system.</p><p>Bercy expects Oracle's earnings per share to continue to grow at an average annual rate of more than 25% from 2025 to 2030. He gave the stock a price target of $364, nearly double the current share price.</p><p>Bercy also pointed out that Microsoft also has an advantage because of its ability to access enterprise customer data. Microsoft is building a huge \"agent-based ecosystem\" to help enterprises deploy AI agents at scale. Its recent $45 billion partnership with Nvidia (NVDA) and Anthropic enables Microsoft to offer Azure cloud computing customers more model options. In the previous quarter, Microsoft disclosed a 40% year-over-year increase in Azure revenue. Bercy has given Microsoft a price target of $667.</p><p>Pure enterprise software companies have been under pressure this year because investors are still waiting for clearer evidence that AI can actually improve the profitability of these companies. The sell-off created an opportunity to buy Salesforce at a low price, with Bercy seeing the company as \"significantly undervalued\" and giving it a $336 price target.</p><p>Salesforce's Agentforce product allows businesses to build autonomous agents that can handle customer service work orders or evaluate leads without human intervention. In early December, Salesforce reported both operating profit and earnings per share that beat market expectations and said revenue growth was on track to reaccelerate to double digits over the next 12 to 18 months.</p><p>Bercy believes that ServiceNow, which provides a digital workflow management platform, is also one of the software beneficiaries under the AI investment theme. The company is working on launching tools for AI governance. Earlier this year, ServiceNow launched an \"AI Control Tower\" feature that enables executives to track the operation of various AI agents within the company.</p><p>However, this week, the stock was hammered by rumors that ServiceNow could buy cybersecurity company Armis. Investors are concerned that ServiceNow may pay an exorbitant acquisition premium in pursuit of growth, diverging resources into its core business.</p><p>Bercy has a $1,332 price target on ServiceNow. ServiceNow will implement a 1-for-5 stock split after market close on Dec. 17.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Oracle and three other \"out of favor\" software stocks may become the next stage of AI market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Oracle and three other \"out of favor\" software stocks may become the next stage of AI market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-12-17 14:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><strong>gist</strong></p><p><ul style=\"\"><li>Due to concerns about AI impacting business models, Salesforce (<a href=\"https://laohu8.com/S/CRM\">SAIFTSE</a>) and<a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>And other software stocks are down more than 20% this year, while<a href=\"https://laohu8.com/S/ORCL\">Oracle</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Although it recorded gains during the year, its performance still lagged the S&P 500 index.</p><p></li><li>Stephen Bersey, an analyst at HSBC, predicts that by 2026, the focus of AI investment will shift from hardware to software, and he is more bullish on companies that already control enterprise data resources.</p><p></li><li>Bercy expects Oracle to average annual EPS growth of more than 25% between 2025 and 2030, with a price target of $364, nearly double the current share price.</p><p></li></ul>In the moment, software stocks may not be the most popular way to engage with the AI investing theme, but that could change soon.</p><p>Since the beginning of the year, the shares of well-known software companies such as Salesforce (CRM) and ServiceNow (NOW) have fallen by more than 20% amid concerns that AI will weaken their business models. While Oracle (ORCL) and Microsoft (MSFT) still recorded positive returns during the year, their performance still underperformed the S&P 500 Index (SPX).</p><p>Stephen Bersey, an analyst at HSBC, believes that as the infrastructure stage of AI investment has gradually matured, the market will usher in a turnaround. He believes that these four neglected stocks will be at the forefront of deeply embedding \"agentic AI\" into software applications, thus ushering in a rebound soon. All four of the above stocks have a \"buy\" rating at HSBC.</p><p>Bercy wrote in a research report released on Tuesday: \"AI will really realize the landing of large-scale products, mainly from the software industry. We believe that 2026 will be a critical year for investors to start focusing on shifting from hardware to software.\"</p><p>Bercy sees \"a huge wave of AI\" that will benefit vendors who are already in control of enterprise data. For Oracle, this is a significant competitive advantage because its database software carries a large amount of sensitive enterprise data. Oracle has developed vectorized databases that transform complex business data into digital languages that AI models can easily understand and search for.</p><p>Despite the recent correction in Oracle's stock price, Bercy believes that the negative sentiment stems from investors not yet fully recognizing the importance of Oracle's \"data dominance\" at a time when companies want to train AI agents based on pre-existing data, which is already stored in Oracle's system.</p><p>Bercy expects Oracle's earnings per share to continue to grow at an average annual rate of more than 25% from 2025 to 2030. He gave the stock a price target of $364, nearly double the current share price.</p><p>Bercy also pointed out that Microsoft also has an advantage because of its ability to access enterprise customer data. Microsoft is building a huge \"agent-based ecosystem\" to help enterprises deploy AI agents at scale. Its recent $45 billion partnership with Nvidia (NVDA) and Anthropic enables Microsoft to offer Azure cloud computing customers more model options. In the previous quarter, Microsoft disclosed a 40% year-over-year increase in Azure revenue. Bercy has given Microsoft a price target of $667.</p><p>Pure enterprise software companies have been under pressure this year because investors are still waiting for clearer evidence that AI can actually improve the profitability of these companies. The sell-off created an opportunity to buy Salesforce at a low price, with Bercy seeing the company as \"significantly undervalued\" and giving it a $336 price target.</p><p>Salesforce's Agentforce product allows businesses to build autonomous agents that can handle customer service work orders or evaluate leads without human intervention. In early December, Salesforce reported both operating profit and earnings per share that beat market expectations and said revenue growth was on track to reaccelerate to double digits over the next 12 to 18 months.</p><p>Bercy believes that ServiceNow, which provides a digital workflow management platform, is also one of the software beneficiaries under the AI investment theme. The company is working on launching tools for AI governance. Earlier this year, ServiceNow launched an \"AI Control Tower\" feature that enables executives to track the operation of various AI agents within the company.</p><p>However, this week, the stock was hammered by rumors that ServiceNow could buy cybersecurity company Armis. Investors are concerned that ServiceNow may pay an exorbitant acquisition premium in pursuit of growth, diverging resources into its core business.</p><p>Bercy has a $1,332 price target on ServiceNow. ServiceNow will implement a 1-for-5 stock split after market close on Dec. 17.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65f48a892cdcaab300c901c1e9e1c374","relate_stocks":{"MSFT":"微软","CRM":"赛富时","NOW":"ServiceNow","ORCL":"甲骨文"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124986690","content_text":"要点由于对人工智能冲击商业模式的担忧，Salesforce （ 赛富时 ）和 ServiceNow 等软件股今年以来下跌逾20%，而 甲骨文 和 微软 虽录得年内上涨，但表现仍落后于标普500指数。汇丰银行分析师斯蒂芬·伯西（Stephen Bersey）预计，到2026年，AI投资重点将从硬件转向软件，更看好那些已掌控企业数据资源的公司。伯西预计，甲骨文在2025年至2030年期间的每股收益年均增速将超过25%，目标价为364美元，接近当前股价的两倍。在当下，软件股或许并不是参与人工智能投资主题最受欢迎的方式，但这种情况可能很快就会发生改变。今年以来，由于市场担心AI会削弱其商业模式，Salesforce（CRM）和ServiceNow（NOW）等知名软件公司股价累计下跌超过20%。而甲骨文（ORCL）和微软（MSFT）虽然年内仍录得正回报，但表现依然跑输标普500指数（SPX）。汇丰银行分析师斯蒂芬·伯西（Stephen Bersey）认为，随着AI投资中基础设施这一阶段已经逐步成熟，市场将迎来一次转向。他相信，这四只被忽视的股票将在把“代理型AI”（agentic AI）深度嵌入软件应用方面走在前列，从而很快迎来反弹。上述四只股票在汇丰的评级均为“买入”。伯西在周二发布的研报中写道：“AI真正实现规模化产品落地，主要将来自软件行业。我们认为，2026年将成为投资者开始把关注重点从硬件转向软件的关键一年。”伯西看到了“一波巨大的AI浪潮”，这将有利于那些已经掌控企业数据的供应商。对甲骨文而言，这是一个显著的竞争优势，因为其数据库软件承载着大量敏感的企业数据。甲骨文已开发出向量化数据库，可将复杂的业务数据转化为AI模型易于理解和搜索的数字语言。尽管甲骨文股价近期回调，伯西认为，这种负面情绪源于投资者尚未充分认识到，在企业希望基于既有数据（而这些数据已存储在甲骨文系统中）来训练AI代理时，甲骨文“数据主导地位”的重要性。伯西预计，甲骨文的每股收益将在2025年至2030年期间保持年均超过25%的增长。他给予该股364美元的目标价，几乎是当前股价的两倍。伯西还指出，微软同样因其对企业客户数据的访问能力而具备优势。微软正在构建一个庞大的“代理型生态系统”，以帮助企业大规模部署AI代理。其近期与英伟达（NVDA）和 Anthropic 达成的450亿美元合作，使微软能够为Azure云计算客户提供更多模型选择。上一季度，微软披露Azure收入同比增长40%。伯西给予微软的目标价为667美元。纯企业级软件公司今年以来表现承压，原因在于投资者仍在等待更明确的证据，证明AI能够切实提升这些公司的盈利能力。这一轮抛售为低价买入Salesforce创造了机会，伯西认为该公司“被严重低估”，并给予其336美元的目标价。Salesforce 的 Agentforce 产品允许企业构建自主代理，无需人工干预即可处理客户服务工单或评估销售线索。12月初，Salesforce公布的营业利润和每股收益均超出市场预期，并表示未来12至18个月内营收增速有望重新加速至两位数。伯西认为，提供数字化工作流管理平台的 ServiceNow 也是AI投资主题下的软件受益者之一。该公司正致力于推出用于AI治理的工具。今年早些时候，ServiceNow 推出了“AI控制塔”（AI Control Tower）功能，使高管能够追踪公司内部各类AI代理的运行情况。不过，本周有关 ServiceNow 可能收购网络安全公司 Armis 的传闻，令该股遭到重挫。投资者担心，ServiceNow 为追求增长可能支付过高的收购溢价，从而分散对其核心业务的资源投入。伯西给予 ServiceNow 的目标价为1332美元。ServiceNow 将在12月17日收盘后实施1拆5的股票拆分。","news_type":1,"symbols_score_info":{"NOW":2,"ORCL":2,"MSFT":2,"CRM":2}},"isVote":1,"tweetType":1,"viewCount":861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
