These stocks are going to see the biggest revenue boost
Trivariate CEO and founder, wrote in a note to clients. “One of the biggest investment controversies for U.S. equities is the return on AI-related capital spending,” Parker wrote. “More growth companies and high-quality companies are mentioning AI-related revenue and cost-reduction topics on their conference calls than value or lower quality stocks.” Trivariate named the largest 15 stocks in the S & P 500 that mentioned AI use cases on their 2025 earnings calls in more than three revenue growth categories, including AI offerings and infrastructure monetization, monetization optimization and innovation and research and development acceleration. Forecast revenue growth is highest for companies that are seeing proven returns on AI offerings and infrastructure monetization, especially those that sell AI (through models, data products, AI-enabled services, chips and networking) where AI is the revenue product, Parker said. These were some of the stocks named by Trivariate: Shopify turned up on the screen for AI stock ideas seeing revenue growth. The company has forecast revenue growth of nearly 33%. Shopify management touted the data analysis abilities of its AI-powered commerce assistant for merchants, called Sidekick, during 2025 earnings calls. The Canadian internet infrastructure provider also launched Universal Cart last year, an AI-powered feature that allows shoppers to track items from multiple stores on one platform, and partnered with OpenAI to allow users to make purchases through ChatGPT. “We’re actively working on new opportunities and partnerships because we think that helping our merchants thrive wherever customers are, is very important … We have great relationships with all the AI companies, and we’ll continue to work with them,” Shopify president Harley Finkelstein said on the company’s second-quarter earnings call last year. Shares of Shopify traded in the U.S. have rallied more than 54% over the past year, lifted by Wall Street’s enthusiasm for its AI partnerships. ServiceNow also made the AI revenue screen. The company saw its shares plummet 30% over the past year, partly due to concern over its reported interest in acquiring security startup Armis. Still, Trivariate is bullish on the Silicon Valley workflow automation platform’s AI-led revenue growth. ServiceNow is forecasting revenue growth of nearly 24%. ServiceNow has been a leader in adopting agentic AI across its company’s functions. ServiceNow CEO William McDermott said on its second-quarter earnings call last year that its had 450,000 agents operating across its workflow, with over 80% of the work for support functions, such as customer support and compliance, being done by agents. “Agentic is real. The business cases are extraordinary … It’ll be $350 million value to us this year,” McDermott said. “We think it might even be more,” at least if happiness and productivity are added to the mix, he said. “If you just think about the sales curve, for example, it’s a 50% improvement in sales productivity, not to have to do the setup work.” Other companies that made Trivariate’s screen for long AI revenue ideas were Google parent Alphabet , Adobe and Meta Platforms .
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