AI Stocks Shine Amid Volatility: ServiceNow, Oracle, and Alphabet Lead the Way

AI related investments are supporting growth in parts of Europe, despite higher energy costs and conflict risks causing volatility. The mix of caution and targeted spending is drawing attention to stocks tied to the ChatGPT and AI boom.

The article highlights three AI stocks from a screener that stand out on this theme: ServiceNow (NOW), Oracle (ORCL), and Alphabet (GOOGL). These companies are using their positions in large enterprises to help customers control and monitor AI through features like AI Control Tower and agent governance.

ServiceNow has a market cap of US$128.2b, with most sales coming from the United States and the rest spread across EMEA, Asia Pacific, and other regions. The company's subscription revenue and AI-related contract value are already measured in the billions, while renewal rates near 98% suggest deep customer reliance.

Oracle has a market cap of US$433.6b, with roughly US$58.5b from cloud and software, US$5.7b from services, and US$3.1b from hardware. The contract backlog has reached very large levels and runs alongside strong earnings growth and a P/E that screens lower than many software peers.

Alphabet's market cap is US$4,217.3b, with most of its revenue coming from Google Services at about US$367.1b. The company sits at the center of the AI build out, with Gemini integrated across Search, YouTube, and Workspace, and Google Cloud already profitable.