INNODATA INC. (Nasdaq:INOD) has been recognized as one of the 30 technology companies shaping the future of artificial intelligence (AI) in a new industry note released by Wedbush Securities on May 7, 2025. The industry note, titled "The Theme of the AI Revolution; 30 Names Playing a Role in the 4th Industrial Revolution," names technology companies that are expected to define the next wave of AI-driven transformation.
Wedbush highlights a 2 trillion dollar AI opportunity
According to Wedbush, the AI revolution represents one of the most significant technological disruptions of the last four decades. The movement began with the introduction of ChatGPT in late 2022 and has since unleashed a $2 trillion AI spending wave, as Wedbush describes it.
The report highlights Nvidia, led by CEO Jensen Huang, as the "cornerstone of the AI revolution" due to its dominant position in AI chip manufacturing. Microsoft, through its investment in OpenAI, is seen as a pioneer in the introduction of AI in companies. Other key players include Amazon, Alphabet (Google), Meta, Apple, Tesla, Palantir and Oracle - known for their AI innovations in hardware, cloud infrastructure, software and robotics.
Wedbush predicts that AI investments by hyperscalers such as Microsoft, Google and Amazon will exceed 325 billion US dollars in 2025, driving the widespread adoption of AI across all industries. The report identifies these companies as central to the so-called fourth industrial revolution, impacting industries such as healthcare, finance and manufacturing.
Innodata's specialized role in AI development
Among these technology companies, Innodata was recognized for its expertise in data annotation and AI, according to Wedbush's analysis. According to Wedbush, Innodata is well positioned to serve the growing demand for domain-specific, high-precision AI solutions in industries where precision, compliance and expertise are essential.
The Wedbush analysts stated:
"We believe that LLMs and AI technology will evolve into increasingly customized offerings. And this is where Innodata's expertise in data annotation and AI will help the company become a leader in this evolving space, as the AI world continues to develop in areas such as healthcare, engineering and finance that require a level of precision, expertise and compliance that generic LLMs cannot fully provide."
Companies named in Wedbush's "AI Revolution 30"
Wedbush's list includes a wide range of leading semiconductor companies, cloud providers, software innovators and specialized AI service providers. Companies featured in the report include:
Semiconductors and Hardware:
Nvidia (Nasdaq:NVDA), Advanced Micro Devices (Nasdaq:AMD), Taiwan Semiconductor Manufacturing (NYSE:TSM), Broadcom (Nasdaq:AVGO) and Micron Technology (Nasdaq:MU)
Hyperscalers and cloud market leaders:
Microsoft (Nasdaq:MSFT), Amazon (Nasdaq:AMZN), Google (Nasdaq:GOOG) (Nasdaq:GOOGL) and Oracle (NYSE:ORCL)
Software and AI specialists:
Palantir Technologies (Nasdaq:PLTR), Salesforce (NYSE:CRM), IBM (NYSE:IBM), ServiceNow (NYSE:NOW), Snowflake (NYSE:SNOW), Adobe (Nasdaq:ADBE), Pegasystems (Nasdaq:PEGA), MongoDB (Nasdaq:MDB), C3.ai (NYSE:AI), Elastic (NYSE:ESTC), Innodata (Nasdaq:INOD) and SoundHound AI (Nasdaq:SOUN)
Market leader in consumer internet:
Apple (Nasdaq:AAPL), Meta Platforms (Nasdaq:META), Alibaba (NYSE:BABA) and Baidu (Nasdaq:BIDU)
Cybersecurity companies:
Palo Alto Networks (Nasdaq:PANW), Zscaler (Nasdaq:ZS) and CyberArk Software (Nasdaq:CYBR)
Players in the autonomy and robotics space:
Tesla (Nasdaq:TSLA) and Oklo (NYSE:OKLO)
About the industry note
"The AI Revolution Theme; 30 Names to Play in the 4th Industrial Revolution" was published on May 7, 2025 and authored by Wedbush Securities with analysts Daniel Ives, Scott Devitt, Matt Bryson, Sam Brandeis, Steven Wahrhaftig, Matthew Weiss and Antoine Legault, CFA. A full copy of the industry report is available from Wedbush Securities .
About Innodata
Innodata (Nasdaq:INOD) is a global data technology company. We believe that data and artificial intelligence (AI) are inextricably linked. That's why we help the world's leading technology companies and corporations drive generative AI innovation. We offer a range of transferable solutions, platforms and services for developers and users of generative AI. In every collaboration, we honor our 35+ year tradition of delivering the highest quality data and outstanding results to our clients.
Visit www.innodata.com to learn more.
Company Contact
Jelena Sutovic
Innodata Inc.
investor@innodata.com
(201) 371-8024
