5 Best Chatbot Stocks to Buy As ChatGPT Gains Market Share

In this article, we will take a look at the 5 best chatbot stocks to buy as ChatGPT gains market share. To see more such companies, go directly to 10 Best Chatbot Stocks to Buy As ChatGPT Gains Market Share.

5. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

CRM company Salesforce, Inc. (NYSE:CRM) is known for its Einstein AI technology which is primarily used by companies for improving their customer experience. At its core, Salesforce Einstein Bot is a natural language processing (NLP) and natural language understanding (NLU) chatbot.

At the end of the last quarter of 2022, 117 hedge funds reported owning stakes in Salesforce, Inc. (NYSE:CRM). The biggest hedge fund stakeholder of Salesforce, Inc. (NYSE:CRM) was Natixis Global Asset Management’s Harris Associates which had a stake worth about $1.1 billion.

Aristotle Atlantic made the following comment about Salesforce, Inc. (NYSE:CRM) in its Q3 2022 investor letter:

“We sold Salesforce, Inc. (NYSE:CRM) to reduce our weighting in the Information Technology sector. Salesforce held their investor day, and the company reiterated their organic Fiscal Year 2026 revenue target of $50 billion. This target remains more back-end loaded based on current slowing macroeconomic conditions and requires new annual contract growth well ahead of what the company has been averaging for the past few years. We are skeptical that the company will be able to achieve this revenue target organically and see Merger & Acquisitions (M&A) being key to achieving the growth. While we believe Salesforce has shown good success in growing its non-CRM clouds, we do see more competitive pressures emerging for the Marketing and Customer Service Clouds, specifically on the pricing side during a global economic slowdown.”