AI has become a global talking point since the release of Chat GPT last year. Investment in AI related stocks has been on the rise but such investments have been consolidated heavily into three main stocks being NVIDIA, C3.AI, Microsoft as well as a handful of chip stocks. Most of these stocks have already been overbought and therefore have skyrocketing P/E ratios.
There are also less known “under the radar” AI stocks which have more attractive revenue growth outlooks as highlighted in the table below.
Company | Revenue Growth 2022 | Revenue Growth 2023 (est.) | Revenue Growth 2024 (est.) |
|---|---|---|---|
NVIDIA Corp. | 61.1% | 0.4% | 42.2% |
C3.AI Inc-A | 38.0% | 5.0% | 19.4% |
Microsoft Corp. | 18.0% | 6.5% | 11.1% |
BigBear AI Holdings Inc. | 6.5% | 5.8% | 10.8% |
BioXcel Therepeutics | 0.0% | 982.7% | 789.2% |
SoundHound AI Inc. | 0.0% | 45.0% | 81.6% |
Symbotic Inc. | 135.5% | 68.5% | 60.0% |
ExaWizards Inc | 84.6% | 16.7% | 42.9% |
BioXcel Therapeutics, Inc. - operates as a commercial-stage biopharmaceutical company. The Company develops transformative medicines in neuroscience and immuno-oncology utilizing artificial intelligence approaches to drug identification and development. BioXcel Therapeutics serves customers worldwide.
SoundHound AI, Inc. - operates as a software company. The Company develops voice AI, speech recognition, natural language understanding, sound recognition, and search technologies which enables humans to interact with products and services. SoundHound AI serves customers worldwide.
Symbotic Inc. - operates as an automation technology company. The Company specializes in supply chain with its end-to-end, AI-powered robotic, and software platform. Symbotic serves the retail, wholesale, and food companies worldwide.
ExaWizards Inc. - operates as a cutting edge innovation creation company. The Company provides artificial intelligence planning, artificial intelligence designing, artificial intelligence development, and other services. ExaWizards offers services for industrial innovation and social problems solutions.
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