These 10 AI Stocks Are Up An Average Of 99% In Last 3 Months

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Ten artificial intelligence and AI-related (AI&R) stocks, with market capitalizations in excess of $1.5B, have advanced by 70% or more since the bubble began to develop at the end of April into early May with an average increase of 99% - yes, 99%! This article list their performances below, in descending order, since the bubble began inflating and up through l last Friday, July 28th. 

Please note: Information on each stock's current market capitalization, current short interest, current stock price, company description, latest quarterly financials and related news and articles are available by clicking on the stock's trading symbol.

  1. Upstart Holdings (upST): up 368.9% since end of April
    • Sector: Financials
    • Description: operates a cloud-based AI lending platform which aggregates consumer demand for loans and connects it to its network of AI-enabled bank and credit union partners.
    • Current Market Capitalization: $5B
    • Current Stock Price: $65.18
    • Latest Earnings per Share (EPS): NIL
    • Short Interest: 36.5% A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
  2. IonQ (IONQ): up 237.7% 
    • Sector: Information Technology
    • Description: Aims to create quantum machine learning models that will more easily handle the ongoing exponential growth in data compared to classical computers, which may struggle to keep up.
    • Current Market Capitalization: $3B
    • Current Stock Price: $17.93
    • Latest Earnings per Share (EPS): NIL
    • Short Interest: 14.0%
  3. Super Micro Computer (SMCI): up 217.3% 
    • Sector: Information Technology
    • Description: develops and manufactures high performance server and storage solutions which it provides to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets
    • Current Market Capitalization: $17B
    • Current Stock Price: $334.50
    • Latest Earnings per Share (EPS): $11.24
    • Current Price to Earnings (PE) Ratio: 29.1
    • Short Interest: 10.5%
  4. Recursion Pharmaceuticals (RXRX): up 187.7%
    • Sector: Health
    • Description:  harnesses AI to perform millions of mini-experiments weekly that are analyzed and refined in an effort to discover previously unknown relationships between genes, drugs, and biologic function in cells.
    • Current Market Capitalization: $2.5B
    • Current Stock Price: $13.12
    • Latest Earnings per Share (EPS): NIL
    • Short Interest: 13.8%
  5. Palantir Technologies (PLTR): up 129.8%
    • Sector: Information Technology
    • Description: builds and deploys software platforms utilizing AI for the intelligence community in the United States to assist in counterterrorism investigations and operations
    • Current Market Capitalization: $34B
    • Current Stock Price: $17.81
    • Latest Earnings per Share (EPS): $0.21
    • Current PE Ratio: 76.1
    • Short Interest: 6.9%
  6. C3.ai (AI): up 123.1%
    • Sector: Information Technology
    • Description: provides an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications and offers integrated turnkey enterprise AI applications.
    • Current Market Capitalization: $4.5B
    • Current Stock Price: $39.76
    • Latest Earnings per Share (EPS): NIL
    • Short Interest: 34.6%
  7. Lemonade (LMND): up 100.6%
    • Sector: Financial
    • Description: is an online insurance platform that is using an AI and machine learning (ML) powered platform to get users into insurance plans in 90 seconds.
    • Current Market Capitalization: $1.5B
    • Current Stock Price: $21.75
    • Latest Earnings per Share (EPS): NIL
    • Short Interest: 23.2%
  8. Advantest (ATEYY): up 84.1%
    • Sector: Information Technology
    • Description: headquartered in Japan, the company manufactures automatic test and measurement equipment used in the design and production of semiconductors for applications including artificial intelligence.
    • Current Market Capitalization: $26B
    • Current Stock Price: $142.53
    • Latest Earnings per Share (EPS): $3.84
    • Current PE Ratio: 37.5
    • Short Interest: Not Available
  9. Zscaler (ZS): up 81.0%
    • Sector: Information Technology
    • Description: Determines how best to frame business problems for AI to help solve, harnesses the data, technology and skill set needs and measure its impact.
    • Current Market Capitalization: $23B
    • Current Stock Price: $157.49
    • Latest Earnings per Share (EPS): $1.63
    • Current PE Ratio: 95.1
    • Short Interest: 7.6%
  10. Salesforce (CRM): up 70.1%
    • Sector: Information Technology
    • Description: provides a layer of AI that helps businesses better organize customer information and access that information more easily and to deliver predictions and recommendations based on a customer's unique business processes and customer data.
    • Current Market Capitalization: $219B
    • Current Stock Price: $225.60
    • Latest Earnings per Share (EPS): $7.45
    • Current PE Ratio: 30.2
    • Short Interest: 1.0%

The above 10 stocks are up 19.5%, on average, as of July 28th, up 98.9% since the end of April and up 122.2% YTD.

A Comparison

  • The Nasdaq is up 21.3% since the end of April and is up 36.8% YTD.
  • The Global X Artificial Intelligence & Technology ETF (AIQ) is up 23.8% since the end of April, and is up 46.8% YTD.
  • The Invesco PHLX Semiconductor ETF (SOXQ) is up 36.3% since the end of April, and is up 52.5% YTD. 

Note that the following high profile companies, to name only a few, are not on the above list - and for good reason. They are underperformers, in comparison. Below are their stock performances since the end of April (3 months):

Nvidia (NVDA): up 68.5%; Telsla (TSLA): up 62.4%; Meta Platforms (META): up 56.8%;

Alphabet (GOOGL): up 26.6%; Microsoft (MSFT): up 22.9%; Taiwan Semiconductor (TSM): up 22.6%;

IBM (IBM): up 18.7%; Apple (AAPL): up 18.2%

Conclusion 

According to the Bank of America, this "baby bubble" should continue until such time as the Fed pauses their rate hikes and then starts to raise rates again. The Fed just raised interest rates so if that is the case, it would seem that the sector has more room to run. The performances of the above stocks will be closely monitored on a weekly basis and be reported in future articles.


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Disclosure: None  

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