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
840–100 composite
Today
+1.84%cap-weighted
MTD
+9.94%month-to-date
YTD
+57.39%year trend
Tracked Cap
1.13T11 names
Price Explorer
$244.12+4.36%
Why it matters
Where AI meets revenue.
2026 capex / spend$45B
Breadth advancing100%
Enterprise AI & Apps · Constituents
| Company | Role | Weight | Last | Change | Mkt Cap | Trend |
|---|---|---|---|---|---|---|
CRM Salesforce Inc. | Core | $244.12 | +4.36% | |||
NOW ServiceNow Inc. | Core | $144.68 | +3.11% | |||
PLTR Palantir Technologies | Core | $210.03 | +0.49% | |||
ADBE Adobe Inc. | Core | $240.94 | +1.18% | |||
SNOW Snowflake Inc. | Core | $364.81 | +1.23% | |||
DDOG Datadog Inc. | Core | $291.23 | +1.37% | |||
MDB MongoDB Inc. | Enabler | $408.18 | +7.05% | |||
CFLT Confluent Inc. | Enabler | $28.90 | +0.69% | |||
DUOL Duolingo Inc. | Adjacent | $148.66 | +0.62% | |||
PATH UiPath Inc. | Adjacent | $13.73 | +3.04% | |||
AI C3.ai Inc. | Adjacent | $11.75 | +1.16% |