Software AI Stocks Start Off 2025: Palantir Falls
REINHARDT KRAUSE
Software companies viewed as artificial intelligence plays such as Palantir Technologies (PLTR) turned in mixed results on the first day of trading in 2025. While Palantir stock dipped along with Salesforce (CRM), shares in Snowflake (SNOW) rose.
Heading into the new year, Wall Street expectations were rising for software companies integrating AI into products.
"The time has come for the broader software space to get in on the AI Party as we believe the use cases are exploding and the enterprise consumption phase is ahead of us beginning in 2025," said Wedbush analyst Daniel Ives in a report. "The true adoption of generative AI will be a major catalyst for the software sector."
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On the stock market today, Palantir stock fell 1% to 74.86. Salesforce stock dipped a fraction to 333.11. Snowflake stock rose more than 2% to 158.21. Shares in C3.ai (AI), also one of the high-volume trading AI plays, rose more than 1% to 35.06.
SoundHound Stock Wavers
Further, SoundHoundAI (SOUN) has been one of the software AI stocks followed by day traders. SoundHound stock wavered between small gains and losses on Thursday. SoundHound makes AI voice software.
Among other software AI stocks, ServiceNow (NOW) fell 1.1% to near 1,048 while cybersecurity firm CrowdStrike (CRWD) rose 0.6% to near 344.
Having struggled to generate new revenue from conversational "copilots," software companies are now turning to autonomous, goal-driven AI "agents" that complete tasks on their own.
Palantir Stock Soared In 2024
Meanwhile, Palantir stock popped about 340% in 2024 while small-cap SoundHound stock soared over 850%. Snowflake stock fell 16% in 2024. Salesforce stock advanced 30%.
Further, Palantir is among AI stocks to watch.
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