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According to the Global X Artificial Intelligence and Technology ETF (AIQ), which consists of 93 artificial intelligence and related (AI&R) constituents, the sector is UP 46% YTD. 40 AI&R stocks are UP 50% YTD and, of them, 9 are UP more than100%. They are as follows in descending order of performance YTD as of last Friday:

1. IonQ (IONQ): +460.6% YTD
   • **PSR: 204.64
   • ***Short Interest: 13.8%
2. *Super Micro Computer (SMCI): +381.1% YTD
   • PSR: 1.50
   • Short Interest: 9.0%
3. Nvidia (NVDA): +211.8% YTD
   • PSR: 20.71 
   • Short Interest: 1.1%
4. *Symbotic (SYM): +198.2% YTD
   • PSR: 2.65
   • Short Interest: 9.6%
5. C3.ai (AI): +150.6% YTD
   • PSR: 10.77
   • Short Interest: 33.1%
6. Meta Platforms (META): +147.5% YTD
   • PSR: 5.79
   • Short Interest: 1.2%
7. Palantir (PLTR): +135.7% YTD
   • PSR: 14.70
   • Short Interest: 7.4%
8. Upstart Holdings (UPST): +131.2% YTD
   • PSR: 4.84
   • Short Interest: 31.9%
9. Tesla (TSLA): +101.7% YTD
   • PSR: 7.88
   • Short Interest: 3.0%

*Of significant interest is that, according to the price-to-sales ratio valuation metric, SMCI and SYM are still considered undervalued (see here).

The metrics above change daily as their stock prices do so this article will be updated weekly going forward to provide timely information.

**The P/S ratio (PSR) describes how much someone must pay to buy one share of a company relative to how much that share generates in revenue for the company. and, as such, determines whether its stock is cheap or overpriced in comparison to its peers. While the ideal ratio depends on the company and industry, the ratio is typically good when the value falls between one (1)  and two (2) and a ratio of less than one (1`) is even better. According to Eqvista (see here), the average ratio for the semiconductor sector is 9.75 and, according to FullRatio (see here), it is 2.18 for information technology services stocks.

• ***A short interest as a percentage of float (source):
  • below 10% indicates strong positive sentiment,
  • above 10% is pretty high indicating significant pessimistic sentiment, and
  • above 20% is extremely high indicating that:
    • a high number of shares have been sold short and/or that
    • a low number of shares are available to trade meaning that
    • investors have become more bearish and that if a sudden buying frenzy were to occur, short-sellers would have to frantically cover their positions.

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