November Recap: Top 9 Micro/Small Cap AI Stocks Up +53%, On Average

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.

  • 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
  • Lemonade (LMND): UP 64.6% 

  • 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
  • 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.
  • 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
  • (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: Announces Third Quarter 2023 Financial Results
  • 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
  • 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
  • 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.More By This Author:November Recap: Conservative “Cannabis” Stocks Index Up 8%
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