15 AI Small Cap Stocks to Watch in 2024

15 AI Small Cap Stocks to Watch in 2024

by AI Finance
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June 26, 2024
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15 AI Small Cap Stocks to Watch in 2024

Artificial intelligence (AI) has rapidly become one of the most transformative technologies in modern history, with applications spanning across virtually every industry. As we look ahead to 2024, small-cap AI stocks present an exciting investment opportunity for those looking to capitalize on the growth potential of emerging AI companies. Here are 15 AI small-cap stocks to watch in 2024, each with the potential to deliver significant returns.


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1. Veritone, Inc. (VERI)

Veritone is a leading provider of artificial intelligence technology and solutions. The company’s aiWARE platform is used to analyze structured and unstructured data, making it valuable across various sectors, including media, legal, and government.

Why Invest in Veritone?

  • Innovative AI Solutions: Veritone’s aiWARE platform is a game-changer in data analysis.
  • Diverse Applications: Used across multiple industries, increasing its market potential.
  • Strong Growth: Consistent revenue growth and expanding customer base.

2. C3.ai, Inc. (AI)

C3.ai offers enterprise AI software that enables businesses to build AI applications more efficiently. Their robust platform supports a wide range of industries, including energy, manufacturing, and financial services.

Why Invest in C3.ai?

  • Enterprise Focus: Strong focus on providing solutions for large enterprises.
  • Industry Leader: Recognized as a leader in enterprise AI applications.
  • Expanding Partnerships: Collaborations with major corporations enhance growth prospects.

3. Alteryx, Inc. (AYX)

Alteryx specializes in data analytics and automation, providing a platform that helps companies turn data into actionable insights. Their AI-driven tools are widely used for data preparation, blending, and advanced analytics.

Why Invest in Alteryx?

  • AI-Driven Analytics: Provides powerful tools for data-driven decision making.
  • Strong Client Base: Trusted by numerous Fortune 500 companies.
  • Revenue Growth: Demonstrates strong financial performance and growth potential.

4. Lantronix, Inc. (LTRX)

Lantronix provides IoT and AI-enabled devices and services. Their solutions enhance data management and connectivity, making them critical in various industries, including automotive, healthcare, and industrial automation.

Why Invest in Lantronix?

  • IoT and AI Integration: Combines AI with IoT for innovative solutions.
  • Growing Market: Increasing demand for IoT and AI technologies.
  • Diverse Applications: Broad range of industries and applications.

5. BigBear.ai Holdings, Inc. (BBAI)

BigBear.ai is an AI-powered analytics company that offers solutions for the defense and intelligence sectors. Their technology supports decision-making processes through advanced data analytics and machine learning.

Why Invest in BigBear.ai?

  • Defense Focus: Provides critical AI solutions for defense and intelligence.
  • Advanced Analytics: Cutting-edge AI technology for data-driven insights.
  • Strategic Importance: High demand for AI in national security and defense.

6. Atomera Incorporated (ATOM)

Atomera is a semiconductor materials and technology company. Their proprietary Mears Silicon Technology (MST) uses AI to improve semiconductor performance, making it a valuable player in the tech industry.

Why Invest in Atomera?

  • Innovative Technology: AI-enhanced semiconductor technology.
  • High Potential: Significant improvements in semiconductor performance.
  • Growing Demand: Increasing need for advanced semiconductor solutions.

7. Ideanomics, Inc. (IDEX)

Ideanomics focuses on AI-driven fintech and electric vehicle (EV) solutions. Their AI technology enhances financial services and EV operations, positioning them at the intersection of two high-growth sectors.

Why Invest in Ideanomics?

  • AI and EV Focus: Combines two high-growth sectors: fintech and EV.
  • Innovative Solutions: AI-driven technology enhances service efficiency.
  • Market Potential: Expanding presence in emerging markets.

8. Rigetti Computing, Inc. (RGTI)

Rigetti Computing is a pioneer in quantum computing, utilizing AI to develop quantum computing solutions. Their technology aims to revolutionize industries by solving complex problems beyond the capability of classical computers.

Why Invest in Rigetti Computing?

  • Quantum Computing Leader: Innovator in the quantum computing space.
  • AI Integration: Utilizes AI to enhance quantum computing technology.
  • High Growth Potential: Quantum computing is an emerging and transformative technology.

9. Vuzix Corporation (VUZI)

Vuzix designs and manufactures smart glasses and augmented reality (AR) technologies. Their AI-powered AR solutions are used in various industries, including healthcare, manufacturing, and logistics.

Why Invest in Vuzix?

  • AR and AI Integration: Combines AR with AI for innovative solutions.
  • Diverse Applications: Used across multiple high-growth industries.
  • Strong Market Position: Leading provider of smart glasses technology.

10. Guardforce AI Co., Ltd. (GFAI)

Guardforce AI specializes in AI-powered security solutions. Their offerings include robotics, cybersecurity, and cash management services, providing comprehensive security solutions for businesses.

Why Invest in Guardforce AI?

  • Comprehensive Security Solutions: AI-driven technology enhances security.
  • Diverse Offerings: Range of services, including robotics and cybersecurity.
  • Growing Demand: Increasing need for advanced security solutions.

11. Mynd Analytics, Inc. (MYND)

Mynd Analytics focuses on AI-driven mental health solutions. Their technology uses AI to analyze brain function and improve mental health diagnostics and treatments.

Why Invest in Mynd Analytics?

  • AI in Healthcare: Innovative use of AI in mental health.
  • Improved Diagnostics: Enhances accuracy of mental health assessments.
  • Significant Impact: Potential to revolutionize mental health care.

12. Veritone, Inc. (VERI)

Veritone’s aiWARE platform is designed to provide comprehensive AI solutions across various industries. Their focus on media, legal, and government sectors showcases the versatility and scalability of their AI technology.

Why Invest in Veritone?

  • Versatile Platform: Wide range of applications for aiWARE.
  • Industry Reach: Strong presence in key sectors.
  • Innovative Solutions: Leading AI technology with proven results.

13. EverQuote, Inc. (EVER)

EverQuote uses AI to optimize the insurance shopping experience. Their AI-driven platform connects consumers with insurance providers, enhancing efficiency and user satisfaction.

Why Invest in EverQuote?

  • AI in Insurance: Innovative use of AI to streamline insurance processes.
  • Growing User Base: Increasing number of consumers using the platform.
  • Market Disruption: Potential to transform the insurance industry.

14. AudioEye, Inc. (AEYE)

AudioEye provides AI-driven digital accessibility solutions. Their technology ensures websites and digital content are accessible to people with disabilities, complying with legal requirements and enhancing user experience.

Why Invest in AudioEye?

  • Digital Accessibility: Addresses a critical need for inclusive technology.
  • AI-Driven Solutions: Enhances digital content accessibility.
  • Regulatory Compliance: Helps businesses comply with accessibility laws.

15. Remark Holdings, Inc. (MARK)

Remark Holdings focuses on AI and data analytics solutions. Their AI technology supports various applications, including facial recognition, retail analytics, and health monitoring.

Why Invest in Remark Holdings?

  • Diverse AI Applications: Wide range of industries and use cases.
  • Cutting-Edge Technology: Advanced AI and data analytics solutions.
  • Expanding Market: Increasing adoption of AI technology across sectors.

 

Final Toughts

 

Investing in AI small-cap stocks in 2024 offers a unique opportunity to capitalize on the growth and innovation in the AI sector. From AI-driven analytics and security solutions to quantum computing and mental health diagnostics, these 15 small-cap stocks represent some of the most promising companies in the field.

While small-cap stocks can be more volatile than their larger counterparts, they often provide significant growth potential. As always, it’s essential to conduct thorough research and consider your investment goals and risk tolerance before making any investment decisions. With the right approach, investing in AI small-cap stocks could yield impressive returns and contribute to the advancement of this transformative technology.

For those looking to optimize their investment strategy, consider using tools like MAXE, an AI-powered investment assistant app that offers valuable insights and portfolio recommendations based on extensive historical data and real-time analysis. This can help you make more informed decisions and maximize your investment potential in the dynamic AI sector.

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