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Of the 120 artificial intelligence (AI) sector stocks four (24) - with +$2B market capitalizations of at least $2B - have more than tripled (+37.3%) the performance of the Nasdaq (+10.5%), on average, since the end of April. The top 9 performers (Tier 1) were reviewed in an article posted on TalkMarkets earlier this week entitled These 9 Artificial Intelligence Stocks Are In A Bubble: Up 161% YTD. Today's article takes a look at the performances of the next 15 AI stocks (Tier 2) with the greatest appreciation since the end of April (+27.7%, on average) as of last Friday listing them in descending order, as follows:

1. Bentley Systems (BSY): +39.3%
   • Sector: Information Technology
   • Short Interest: 3.9% - 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. Palo Alto Networks (PANW): + 35.7%
   • Sector: Information Technology
   • Short Interest: 6.8%
3. Broadcom (AVGO): +35.1%
   • Sector: Information Technology
   • Short Interest: 1.4%
4. Netflix (NFLX): +32.7%
   • Sector: Communication Services
   • Short Interest: 2.3%
5. Ambarella (AMBA): +30.7%
   • Sector: Information Technology
   • Short Interest: 3.4%
6. ON Semiconductor (ON): +29.7%
   • Sector: Information Technology
   • Short Interest: 6.3%
7. Adobe (ADBE): +28.5%
   • Sector: Information Technology
   • Short Interest: 1.3%
8. Advanced Micro Devices (AMD): +26.6%
   • Sector: Information Technology
   • Short Interest: 2.5%
9.  Applied Materials (AMAT): + 23.5%
   • Sector: Information Technology
   • Short Interest: 1.7%
10. Amazon.com (AMZN): +23.1%
    • Sector: Consumer Discretionary
    • Short Interest: 0.9%
11. Splunk (SPLK): +21.1%
    • Sector: Information Technology
    • Short Interest: 3.2%
12. Oracle (ORCL): +21.0%
    • Sector: Information Technology
    • Short Interest: 1.1%
13. Meta Platforms (META): +20.9%
    • Sector: Communication Services
    • Short Interest: 1.3%
14. ServiceNow (NOW): +20.3%
    • Sector: Information Technology
    • Short Interest: 2.1%
15. CloudStrike (CRWD): +20.0%
    • Sector: Information Technology
    • Short Interest: 3.4%

A Comparison

• The above 15 stocks (Tier 2) were DOWN 1.7%, on average, last week, are UP 27.7% since the end of April and are UP 50.8% YTD as compared to the 9 Tier 1 stocks that were UP 2.7%, on average, last week, are UP 77.1% since the end of April and are UP 161.1% YTD.
• Combined, the 24 stocks in Tier 1 and 2 were DOWN 0.6% last week, are UP 37.3% since the end of April and are UP 68.8% YTD.
• The Nasdaq was DOWN 0.9% last week, is only UP 10.5% since the end of April and is only UP 30.5% YTD.
• The Global X Artificial Intelligence & Technology ETF (AIQ), which invests in 92 AI companies, went DOWN 0.8% last week, is UP only 16.4% since the end of April, and is only UP 38.0% YTD.

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