Deere & Co. (DE) is being highlighted as a 'double AI beneficiary' stock, benefiting from both an infrastructure buildout and its own sophisticated AI technologies. The company has developed fully autonomous tractors and a computer vision system called See & Spray, which significantly reduces herbicide costs by targeting only weeds.
This technology is already in use and scaling, with factory-installed sprayer orders doubling year over year. Deere's stock has risen 42.5% since it was first spotlighted in June 2025, and it recently closed at an all-time high of $700. The company's fiscal Q3 earnings showed a 5% increase in net sales to $12.6 billion and a 7% rise in net income to $1.4 billion.
Management has raised its full-year net income guidance to between $4.75 billion and $5 billion, reflecting strong operational performance. Analysts at Baird have upgraded the stock to Outperform, raising the price target to $800, citing a favorable agricultural environment with rising corn and soybean prices.
Despite the stock's elevated RSI of 71, which typically indicates overbought conditions, the strength of the breakout suggests continued upward momentum. Investors are advised to monitor key support levels at the 50-day and 200-day moving averages to manage risk effectively