Artificial intelligence is moving from buzzword to budget line item, and Microsoft’s new US$2.5b Frontier Co unit shows how quickly that shift can affect listed stocks. With 6,000 Microsoft employees now assigned to hands on AI implementation, investors are rethinking which companies could gain from faster adoption and which might face tougher competition or higher expectations. This article looks at 3 stocks from the AI Adoption Leaders screener that are directly exposed to this news and that appear positively positioned, helping you decide which opportunities might deserve a closer look and which risks to keep on the radar.

Atlassian (TEAM)

Overview: Atlassian is a US$ software company that builds tools like Jira, Confluence, Trello and Loom to help teams plan projects, share knowledge and coordinate work, with newer products such as Rovo using AI to search across company data and assist with everyday tasks.

Operations: Atlassian generates about US$6.2b in revenue from software and programming, with sales spread across the United States (US$2.6b), Europe including Germany (about US$2.6b combined), Asia Pacific (US$673m) and other Americas (US$385m).

Market Cap: US$19.7b

Atlassian sits at the intersection of AI adoption and team productivity, which is why Microsoft’s US$2.5b push into hands on AI services is relevant for you as an investor. As more enterprises embed AI into day to day workflows, Atlassian’s AI centric tools such as Rovo and Confluence AI aim to turn that investment into practical productivity gains, supported by partnerships with providers like Google Cloud and Anthropic. The company is still reporting losses, investing heavily in R&D and cloud infrastructure, and faces tough competition plus ongoing cloud migration and margin risks. A strong track record of revenue growth, recent recognition as a leader in developer productivity platforms and valuation metrics that suggest a discount to estimated fair value make Atlassian a stock many investors may want to examine more closely.

Atlassian’s heavy R&D spend and global reach make its AI story feel bigger than a simple productivity tool upgrade, but the real hinge could be how the analyst forecasts for Atlassian stack up against those losses and competition

Tenable Holdings (TENB)

Overview: Tenable Holdings is a cybersecurity company that helps organizations understand where they are exposed to cyber risk, using platforms like Tenable One and Tenable AI Exposure to spot vulnerabilities across cloud, AI, identity, operational technology and traditional IT systems before attackers can exploit them.

Operations: Tenable generates about US$1.0b in revenue from security software and services, with sales primarily from the United States (US$539.2m), followed by Europe, the Middle East and Africa (US$283.8m), Asia Pacific (US$118.6m) and other Americas (US$80.7m).

Market Cap: US$4.1b

Tenable Holdings sits at the intersection of Microsoft’s new AI initiatives and the growing concern that AI itself creates fresh security gaps. The company’s exposure management platform, AI centric tools like Hexa AI, and its partnerships with OpenAI and Anthropic aim to help customers keep pace as AI models uncover more vulnerabilities. Recent FedRAMP High and Impact Level 5 approvals have also opened doors with US federal and defense agencies. The stock reflects a combination of optimistic earnings expectations and improving profitability alongside areas of pressure, including reliance on external funding, revenue growth that trails the wider US market, and the risk that large technology platforms may bundle competing security tools. How these factors interact is an important consideration for investors evaluating Tenable today.

Tenable’s push into AI driven exposure management is reshaping how investors frame its potential, but the full picture only emerges when you line up the analyst forecasts for Tenable Holdings against the security and platform risks that could still surprise.

Intapp (INTA)

Overview: Intapp provides AI powered software for professional services and financial firms, helping lawyers, bankers, investors and consultants manage deals, clients, compliance checks and timekeeping on a single connected platform.

Operations: Intapp generates about US$560.3m in revenue from software and programming, with around US$382.3m from the United States, US$88.5m from the United Kingdom and US$89.6m from the rest of the world.

Market Cap: US$1.9b

Intapp is tightly aligned with Microsoft on applied AI for complex, compliance heavy work. Microsoft’s US$2.5b Frontier Co push into embedded AI services could make Intapp’s Celeste platform and DealCloud offering more visible to firms that want enterprise grade, trusted vendors rather than experimental tools. At the same time, Intapp is still reporting losses, relies fully on higher risk external borrowing and trades on a P/S above software peers, so execution on AI products, cloud transition and partnerships needs to justify that confidence. If Intapp can turn its AI pipeline, buybacks and client wins into the profitability analysts expect, the gap between current pricing and estimated fair value may look different.

Intapp’s accelerating AI story, losses and premium P/S suggest investors might be missing how expectations line up with reality, and the analyst forecasts for Intapp could reveal the twist that changes the whole thesis.

The three stocks here are only a sample of what is possible, and the full Artificial Intelligence (AI) Adoption Leaders screener surfaces 28 more companies with equally compelling AI related narratives that could be worth your attention. Use Simply Wall St to identify, compare and analyze the catalysts and stories that matter most to you so you can focus on the highest conviction AI adoption plays across markets.

Take Control of Your Investment Journey

If Atlassian or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Curious To Explore Stronger Alternatives?

Fresh stock ideas do not stay under the radar for long. Before momentum sends valuations flying or sentiment drops away, sort through curated screeners and get in early.

• Spot companies quietly building strength before a breakout by scanning the curated list of solid balance sheet and fundamentals (47 results) that highlights resilient businesses with cleaner fundamentals than many headline stocks.
• Target income that could better match your goals by reviewing the hand picked 8 dividend fortresses built for investors who care about durability as much as yield.
• Position ahead of potential sector momentum by scanning the focused 35 power grid technology and infrastructure stocks featuring companies tied to grid upgrades and energy infrastructure projects while it still feels early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.