AI is creating a new generation of investment opportunities, particularly among companies that can combine established software platforms with AI-driven innovation. While much of the attention has focused on the largest AI infrastructure providers, there is also significant potential in application-layer businesses that can translate these technological advances into tangible value for customers.

Navan $NAVN ( ▲ 0.42% ) is an interesting company to watch in this context. The corporate travel and expense management market offers room for further digitalization, while the growing adoption of AI could create new opportunities for efficiency gains, product innovation and long-term growth. The key question is how effectively companies in this space can turn these opportunities into durable competitive advantages and stronger financial performance.

With AI opening new possibilities for enterprise software, Navan offers an attractive combination of growth potential and exposure to a rapidly changing tech landscape. Let’s take a deeper dive.