Image Source: Unsplash

Nine (9) artificial intelligence and AI-related (AI&R) stocks, with market capitalizations in excess of $2B, have advanced by 60% or more since the bubble began to develop at the end of April into early May, with an average increase of 95%. This article list their performances below, in descending order, since the bubble began inflating and up through Friday, August 11th.

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. IonQ (IONQ): UP 195.9% 
   • 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: $3.2B
   • Current Stock Price: $15.71
   • Latest Earnings per Share (EPS): NIL
   • Short Interest: 13.3%
2. Super Micro Computer (SMCI): UP 141.3%
   • 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: $13.4B
   • Current Stock Price: $254.43
   • Latest Earnings per Share (EPS): $16.54
   • Current Price to Earnings (PE) Ratio: 15.4
   • Short Interest: 9.5%
3. Upstart Holdings (UPST): UP 141.0%
   • 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: $2.8B
   • Current Stock Price: $33.50
   • Latest Earnings per Share (EPS): n/a
   • Short Interest: 32.0% - 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.
4. Recursion Pharmaceuticals (RXRX): UP 109.9%
   • 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: $2.1B
   • Current Stock Price: $9.57
   • Latest Earnings per Share (EPS): n/a
   • Short Interest: 13.0%
5. Palantir Technologies (PLTR): UP 98.8%
   • 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: $33.2B
   • Current Stock Price: $15.41
   • Latest Earnings per Share (EPS): $0.23
   • Current PE Ratio: 67.0
   • Short Interest: 6.5%
6. C3.ai (AI): UP 84.8%
   • 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: $3.8B
   • Current Stock Price: $32.94
   • Latest Earnings per Share (EPS): n/a
   • Short Interest: 31.7%
7. Zscaler (ZS): UP 64.3%
   • 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: $20.9B
   • Current Stock Price: $142.95
   • Latest Earnings per Share (EPS): $1.63
   • Current PE Ratio: 87.5
   • Short Interest: 6.5%
8. Advantest (ATEYY): UP 61.2%
   • 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: $23.4B
   • Current Stock Price: $124.77
   • Latest Earnings per Share (EPS): $3.84
   • Current PE Ratio: 33.1
   • Short Interest: Not Available
9. Symbotic (SYM): UP 63.9%
   • Sector: Industrials
   • Description: offers an end-to-end warehouse automation system for product distribution and designs, assemblies, and installs modular inventory management systems.
   • Current Market Capitalization: $26.2B
   • Current Stock Price: $43.53
   • Latest Earnings per Share (EPS): n/a
   • Short Interest: 15.5%

The above 9 stocks are UP 94.6% since the end of April and UP 115.8% YTD.

A Comparison

• The Nasdaq is UP 15.6% since the end of April and is UP 30.4% YTD.
• The 12 AI-related ETFs (see list here) are UP 20.2%, on average, since the end of April and UP 36.8% YTD

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 and reported in future articles.

More By This Author:

So Far, August Isn't Kind To 4 Of 6 Constituents In Our Psychedelic Drug Stocks Index
Quantum Computing: 12 Stocks For What The Future May Hold
Cronos Brands' Q2 Financials Show Major Reduction In Net Loss