AI Value Chain
Layer 6 of 6
Enterprise AI & Apps
Software that embeds AI into workflows and sells outcomes. The downstream layer where value migration ultimately lands — once infrastructure matures, durable economics shift toward applications.
Momentum
340–100 composite
Today
-2.32%cap-weighted
MTD
+4.26%month-to-date
YTD
-23.68%year trend
Tracked Cap
767.26B11 names
Price Explorer
$165.89-0.34%
Why it matters
Where AI meets revenue.
2026 capex / spend$45B
Breadth advancing9%
Enterprise AI & Apps · Constituents
| Company | Role | Weight | Last | Change | Mkt Cap | Trend |
|---|---|---|---|---|---|---|
CRM Salesforce Inc. | Core | $165.89 | -0.34% | |||
NOW ServiceNow Inc. | Core | $102.15 | -0.90% | |||
PLTR Palantir Technologies | Core | $127.99 | -2.36% | |||
ADBE Adobe Inc. | Core | $204.02 | -6.76% | |||
SNOW Snowflake Inc. | Core | $232.78 | -3.17% | |||
DDOG Datadog Inc. | Core | $229.90 | -1.85% | |||
MDB MongoDB Inc. | Enabler | $342.80 | -3.28% | |||
CFLT Confluent Inc. | Enabler | $29.28 | +2.01% | |||
DUOL Duolingo Inc. | Adjacent | $122.63 | -0.99% | |||
PATH UiPath Inc. | Adjacent | $10.55 | -0.94% | |||
AI C3.ai Inc. | Adjacent | $10.90 | -3.28% |