Wedbush Names Innodata Among 30 Companies Closely Tied to the AI Revolution

May 19, 2025 / INNODATA INC. (Nasdaq:INOD), has been recognized as one of the 30 technology companies defining the future of artificial intelligence (AI) in a new industry note from Wedbush Securities, published May 7, 2025. The industry note, titled “The AI Revolution Theme; 30 Names to Play in the 4th Industrial Revolution,” identifies tech companies expected to define the next wave of AI-driven transformation. 

Wedbush Highlights a $2 Trillion AI Opportunity 

According to Wedbush, the AI revolution marks one of the most significant technological shifts in the past four decades. The movement began with the launch of ChatGPT in late 2022 and has since fueled what Wedbush describes as a $2 trillion AI spending wave. 

The report highlights Nvidia, led by CEO Jensen Huang, as the “foundation of the AI revolution” due to its dominant position in AI chip manufacturing. Microsoft is credited with being a first mover of enterprise AI adoption through its investment with OpenAI. Other major players named include Amazon, Alphabet (Google), Meta, Apple, Tesla, Palantir, and Oracle—recognized for their AI innovations in hardware, cloud infrastructure, software, and robotics. 

Wedbush projects that AI investments from hyperscalers like Microsoft, Google, and Amazon will surpass $325 billion in 2025, driving widespread AI adoption across industries. The report frames these companies as central to what it describes as the 4th Industrial Revolution, impacting sectors 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 meet the rising demand for domain-specific, high-accuracy AI solutions in industries where precision, compliance, and subject matter expertise are essential. 

Wedbush’s analysts stated: 

“We believe LLMs and AI technology will further develop into more custom offerings, and this is where Innodata’s expertise in data annotation and AI will lead the company to become a leader in this developing space as the AI world evolves in fields like healthcare, engineering, and finance, which demand a level of precision, domain expertise, and compliance that generalized LLMs cannot fully provide.”

Named Companies in Wedbush’s “AI Revolution 30” 

Wedbush’s list spans a diverse set of semiconductor leaders, 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 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) 
• Consumer Internet Leaders: 
   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) 
• Autonomous and Robotics Players: 
   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 released May 7, 2025 and authored by Wedbush Securities by Analysts Daniel Ives, Scott Devitt, Matt Bryson, Sam Brandeis, Steven Wahrhaftig, Matthew Weiss, and Antoine Legault, CFA. A complete copy of the industry note is available through Wedbush Securities.

About Innodata

Innodata (Nasdaq:INOD) is a global data engineering company. We believe that data and Artificial Intelligence (AI) are inextricably linked. That’s why we’re on a mission to help the world’s leading technology companies and enterprises drive Generative AI / AI innovation. We provide a range of transferable solutions, platforms, and services for Generative AI / AI builders and adopters. In every relationship, we honor our 35+ year legacy delivering the highest quality data and outstanding outcomes for our customers.

Visit www.innodata.com to learn more. 

Company Contact

Jelena Sutovic
Innodata Inc.
investor@innodata.com
(201) 371-8024