The recent earnings season has made it abundantly clear that the AI revolution is not just knocking on the door but has forcefully entered the tech world. The impressive results from tech giants such as Microsoft Corp. (NYSE:MSFT), Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) and Amazon.com Inc. (NASDAQ:AMZN) underscored this transition, according to Daniel Ives, an equity analyst at Wedbush. These companies have reported “eye-popping capital expenditure numbers,” initiating an “AI tidal wave” in software and cloud development driven by generative AI. “The next phase of AI spending is now on the doorstep for the likes of Salesforce Inc. (NYSE:CRM), MongoDB Inc. (NASDAQ:MDB), Oracle Corp. (NYSE:ORCL), ServiceNow Inc. (NYSE:NOW), Palantir Technologies Inc. (NYSE:PLTR), Snowflake Inc. (NYSE:SNOW) and many others,” Ives wrote. The expert said companies were “laser-focused on deploying generative AI” across various sectors. Additionally, major players such as Meta and Apple were ...