2 Stocks That Don’t Have Enough AI Priced in

The AI trade has grown quite volatile of late, but for investors who aren’t deterred by the AI bubble concerns of others, I think there’s a great opportunity to pursue a class of stocks that stand to gain from AI but aren’t yet priced with such AI-driven catalysts in mind. Of course, as Wedbush Securities’ Dan Ives put it, there are “derivative plays” in AI that are also worth keeping tabs on. Not every AI beneficiary will be the obvious firms that are on the frontier of the technology.

Though it’s tough to tell where the AI boom goes from here as volatility strikes, I think Ives’ derivative picks are worth stashing on the radar. Let’s look at two names, some of which are from Ives’ list of picks for 2026, that I think are significantly underpriced as January gets off to a relatively strong start, at least for the most part.

Crowdstrike

CrowdStrike (NASDAQ:CRWD) shares are down close to 17% from their all-time highs despite big votes of confidence from the likes of various pros on Wall Street.

From Jim Cramer to Wedbush, many Wall Street veterans seem to think the cybersecurity firm is a great pick, as it leverages AI to fight off AI-enabled threats. With the agentic AI age quickly approaching (arguably, it’s already arrived), Crowdstrike’s expertise in agentic AI security, I think, has been heavily undervalued by the market.

The company’s Falcon AI Detection and Response (AIDR) may very well be the best-in-class product that protects the enterprise from a new class of threat. Whether AI prompts are the “new malware” remains to be seen, but I do think CrowdStrike is being overlooked as a stock that can very effectively monetize AI technology. In fact, I think agentic AI security is becoming indispensable in an age when cyber threats are increasingly dangerous.

With the firm recently picking up identity security startup SGNL in a $740 million deal, I’d also look for CrowdStrike to take advantage of M&A to add to its arsenal as it aims to fight AI threats with a more capable AI defense.

Salesforce

Salesforce (NYSE:CRM) is another agentic AI beneficiary that the market has not yet fully respected. Like CrowdStrike, the stock is starting the new year from a tough spot and is continuing to make strategic acquisitions to improve its AI footing. Though AI does pose a disruptive threat to some software companies, I view Salesforce as a firm that can win big amid AI following its impressive pivot.

With an impressive Agentforce platform and access to a trove of customer data, I do think Salesforce can succeed with agents where its rivals have fallen short.

Undoubtedly, 2025 may have been premature for an agentic AI liftoff. But in 2026, I think agents could be ready to power a new wave of AI software winners. I think Salesforce will be one of the bigger ones, especially considering the muted 34.8 times trailing price-to-earnings (P/E) multiple, which, I think, undervalues the company’s agentic AI expertise and Marc Benioff’s stewardship as the firm enters one of its most transformative phases yet.

Like CrowdStrike, I think Salesforce could be a big agent monetizer, especially as the enterprise wakes up to the potential upside of embracing the technology. With Mizuho and Evercore both praising Salesforce shares as top picks in enterprise software for 2026, I think it’s time to take notice of the unrecognized potential to be had as agents become far more capable than ever before.