ClearBridge's Frisch: Salesforce Leading in Agentic AI

The transcript discusses the rapid advancements in AI software and its market implications. It highlights the IGV software index's growth, potential market headwinds, and valuation concerns. The impact of generative AI, particularly Palantir's success, is explored. The emergence of AI agents and the importance of infrastructure development are emphasized. Potential M&A activity in the software industry is discussed, along with future trends in AI and technology sectors, including the role of semiconductors and software.

What was the percentage increase in the IGV software index between early August and early December?

• 30%

• 20%

• 40%

• 50%

Which company is highlighted as a software winner due to its generative AI opportunities?

• Databricks

• Salesforce

• Palantir

• NVIDIA

What is the current trading multiple of Palantir's future earnings?

• 300 times

• 250 times

• 199 times

• 150 times

Which company is leading the movement in agentic functionality?

• Amazon

• Google

• Microsoft

• Salesforce

What is a key factor driving growth in the software industry according to the transcript?

• Generative AI and agents

• Cost-cutting measures

• Increased competition

• Government regulations

What is the expected trend in mergers and acquisitions in the software industry?

• Complete halt

• No change

• Increase in activity

• Decrease in activity

What is the ongoing debate in the AI industry regarding future beneficiaries?

• Cloud vs. On-premise

• Semiconductors vs. Software

• Hardware vs. Software

• AI vs. Machine Learning