Central Banks' Gold Rush Shifts Focus to AI Stocks

Global central banks are quietly reshaping their foreign exchange reserves by adding more gold and supporting their currencies, sparking attention on companies building AI tools. This shift creates a clear theme for investors to focus on rather than tracking macro headlines. Salesforce (CRM), IREN Limited (IREN), and ServiceNow (NOW) are three AI-focused stocks that may warrant closer inspection.

Salesforce is a large customer relationship management company now embedding AI into its platform through Agentforce autonomous agents, Data 360 as the data foundation, and Slack as a conversational interface. These tools let businesses run sales, service, marketing, and commerce workflows with LLM driven assistants plugged directly into their customer data.

Salesforce generates about $43.9 billion from its multiple enterprise cloud computing market, with revenue spread across the United States at roughly $26.6 billion, Europe at about $10.8 billion, Asia Pacific at about $4.5 billion, and the rest of the Americas around $2.0 billion. The stock trades on a P/E below many US software peers while earnings margins and return on equity are described as healthy.

IREN Limited is an AI cloud services platform developing and running large-scale data centers, supplying GPUs, CPUs, storage, and managed software for customers to train and operate advanced AI workloads. IREN also runs a separate Bitcoin mining business.

Servicenow is a cloud software company weaving generative AI into digital workflows for IT, security, HR, and customer service through products like ServiceNow Impact, App Engine, Automation Engine, workflow data fabric, and RaptorDB.