A number of micro/small cap ($50M to $2B) AI & related stocks provide exposure to the sector, and 9 are still very much in bubble mode,. having advanced by more than 50%, on average, in November. The 15 large cap AI stocks ($2B+) that we index advanced by more than 30% in November (see here). For perspective, the 91-constituent  AIQ Global X Artificial Intelligence & Technology ETF was only up 14.1% in November, and the 35-constituent  SOXX iShares Semiconductor Index Fund was only up 16.3%.

The performances of the 9 micro/small cap AI stocks we're watching are ranked below in descending order, along with their individual market capitalizations, November 30th stock prices, and links to their most recent news.

1. Applied Optoelectronics (AAOI): UP 86.1% 
   • a leading provider of fiber-optic access network products for the cable broadband, internet datacenter, telecom and fiber-to-the-home markets
   • Market Capitalization: $ 471M
   • November 30th Stock Price: $13.25
   • Read: Applied Optoelectronics Reports Third Quarter 2023 Results
2. Lemonade (LMND): UP 64.6% 
   • LMND offers renters, homeowners, car, pet, and life insurance powered by artificial intelligence and social impact.
   • Market Capitalization: $1.2B
   • November 30th Stock Price: $17.80
   • Read: Lemonade Continues Its March Toward Sustained Profitability
3. GSI Technologies (GSIT): UP 38.5%
   • GSIT is developer of the Gemini^® Associative Processing Unit for AI and high-performance computing and a leading provider of high-performance memory solutions for the networking, telecommunications, and military markets.
   • Market Capitalization: $70M
   • November 30th Stock Price: $2.70
   • Read: GSI Technology Teams Up with UC Riverside to Supercharge AI and High Performance Computing with Gemini APU
4. Recursion Pharmaceuticals (RXRX): UP 36.3%
   • RXRX is a leading clinical stage TechBio company decoding biology to industrialize drug discovery.
   • Market Capitalization: $1.5B
   • November 30th Stock Price: $7.07
   • Read: Recursion Pharmaceuticals Wants to 4X Its Supercomputing Power for AI With the Help of Nvidia. Here's Why It Matters.
5. Lantronix (LTRX): UP 36.1% 
   • LTRX is a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market
   • Market Capitalization: $217M
   • November 30th Stock Price: $5.81
   • Read: Lantronix Reports Results for First Quarter of Fiscal 2024
6. BigBear.ai (BBAI): UP 35.5%
   • BBAI provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
   • Market Capitalization: $267M
   • November 30th Stock Price: $1.70
   • Read: BigBear.ai Announces Third Quarter 2023 Financial Results
7. SoundHound AI (SOUN): UP 34.6%
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
   • Market Capitalization: $528M
   • November 30th Stock Price: $2.14
   • Read: SoundHound AI Reports Record Third Quarter, Adjusted EBITDA Improves 57% Year Over Year
8. D-Wave Quantum: (QBTS): UP 34.4%
   • QBTS is a leader in commercial quantum computing systems, software, and services leading the industry's transformative shift from research and developmental experimentation to true delivery of quantum's enterprise value and utility.
   • Market Capitalization: $131M
   • November 30th Stock Price: $0.82
   • Read: D-Wave Quantum Announces Third-Quarter Financial Highlights
9. Innoviz Technologies (INVZ): UP 30.4% 
   • INVZ is a Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software
   • Market Capitalization: $292M
   • November 30th Stock Price: $1.76
   • Read: Innoviz Reports Third-Quarter 2023 Results, Delivering Strong Sequential and Year-Over-Year Revenue Growth

The above 9 stocks have an average market capitalization of $520M, an average share price of $5.90 and were UP 53.3% in November, on average.

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