Best Artificial Intelligence Stocks To Watch Now - November 6th

Key Points

• Hut 8, Tempus AI, and Extreme Networks were identified by MarketBeat’s screener as AI stocks with the highest dollar trading volume in recent days. Their AI exposure spans data centers and computing, precision medicine, and cloud-driven networking.
• All three stocks rose in Friday’s midday trading: Hut 8 gained $5.90 to $51.85, Tempus AI rose $3.65 to $74.08, and Extreme Networks added $3.23 to $24.28.
• The companies have differing risk profiles: Hut 8 and Tempus AI reported negative P/E ratios, while Extreme Networks had a P/E ratio of 62.33; all three also had betas above 1.

Hut 8, Tempus AI, and Extreme Networks are the three Artificial Intelligence stocks to watch today, according to MarketBeat's stock screener tool. Artificial intelligence stocks are shares of companies that develop, provide, or use AI technologies, such as chipmakers, software firms, and businesses integrating AI into their products. For investors, the term describes a way to gain exposure to AI’s growth, though a company’s stock may also be influenced by its other businesses, valuation, and broader market risks. These companies had the highest dollar trading volume of any Artificial Intelligence stocks within the last several days.

Hut 8 (HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

Hut 8 stock traded up $5.90 during mid-day trading on Friday, reaching $51.85. 4,750,521 shares of the company were exchanged, compared to its average volume of 5,046,703. The firm has a market cap of $6.39 billion, a PE ratio of -10.43 and a beta of 4.53. Hut 8 has a twelve month low of $31.67 and a twelve month high of $140.80. The firm's 50-day simple moving average is $81.63 and its two-hundred day simple moving average is $82.21. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35.

Read Our Latest Research Report on HUT

Tempus AI (TEM)

Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.

Shares of NASDAQ:TEM traded up $3.65 during midday trading on Friday, reaching $74.08. The company had a trading volume of 2,494,500 shares, compared to its average volume of 6,241,245. The stock has a market capitalization of $13.37 billion, a P/E ratio of -70.02 and a beta of 3.61. The stock's fifty day moving average price is $71.21 and its 200-day moving average price is $57.20. Tempus AI has a one year low of $40.77 and a one year high of $89.09. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.61 and a quick ratio of 3.16.

Read Our Latest Research Report on TEM

Extreme Networks (EXTR)

Extreme Networks, Inc. delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation. The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.

Shares of NASDAQ EXTR traded up $3.23 during mid-day trading on Friday, reaching $24.28. The company had a trading volume of 2,703,508 shares, compared to its average volume of 1,916,746. Extreme Networks has a twelve month low of $13.48 and a twelve month high of $33.73. The stock's 50 day moving average is $22.45 and its 200-day moving average is $22.11. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.87 and a current ratio of 1.02. The stock has a market capitalization of $3.19 billion, a PE ratio of 62.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.81.

Read Our Latest Research Report on EXTR

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