Palantir Technologies (NYSE:PLTR) appear to be doing just that.
Here s what investors should know about these three top AI stocks and why they are a buy right now.
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1. Coupa: Business spend management
Coupa s business spend management (BSM) platform connects more than 7 million suppliers with over 2,000 buyers. This helps suppliers reach a wide audience of potential customers, and it provides buyers with an extensive catalog of products. Moreover, Coupa s platform helps clients realize cost savings and work more efficiently, an advantage made possible by artificial intelligence.
Coupa Community Intelligence is the company s AI-powered recommendation engine. By applying AI to transactions occurring on its platform, Coupa is able to make prescriptive suggestions that help its clients spend money more efficiently and reduce supply-chain risk.
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Coupa ends fiscal 2021 on a strong note as customer focus on spend management remains high on the corporate agenda
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Summary: Strong revenue growth and better-than-Wall-Street-expected net income reflects the ongoing importance of spend management, particularly at a time of global crisis.
Rob Bernshteyn
When Coupa last announced its full year earnings, it was one year ago to the day since the first shelter-in-place orders were issued in its home state of California. It was the start of an uncertain year for everyone, of course, but one that also brought to the fore the importance of the firm’s core Business Spend Management (BSM) proposition.