S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show

5 Under-the-Radar Artificial Intelligence (AI) Stocks

Artificial Intelligence Concept

Key Points

  • Despite some AI giants dominating the spotlight, lesser-known AI companies are quietly emerging and surging higher.
  • C3.ai (NYSE: AI) demonstrates consistent revenue growth, with sales up by 18% in its latest quarter, paving the way toward profitability.
  • Both SoundHound AI (NASDAQ: SOUN) and BigBear.ai Holdings (NYSE: BBAI) have shown significant growth, with SOUN up 184% YTD and BBAI up 61%, reflecting the promising AI market opportunities.
  • 5 stocks we like better than BigBear.ai

As the world continues its relentless march into the Artificial Intelligence (AI) era, the conversation around this transformative technology remains as vibrant as ever. 

While some AI giants hog the limelight, a whole universe of lesser-known AI companies is quietly making waves in the industry. For investors seeking exposure to this cutting-edge sector, exploring small-cap AI stocks might offer a tantalizing opportunity, albeit with increased risk. 

Here's a fresh look at five under-the-radar AI stocks that could pique the interest of savvy investors with an increased appetite for risk in 2024.

BigBear.ai Holdings NYSE: BBAI

BigBear.ai operates at the intersection of AI and decision support, catering to cybersecurity and analytics domains. With a staggering YTD growth of 61%, trading at $3.46 per share, this company displays the potential of AI in driving real-time decision-making capabilities. 

While analysts are bullish on BBAI, with a moderate buy rating based on four ratings, the consensus price target forecasts over 13 downside. As the stock has recently experienced significant volatility and upside, the short interest has grown substantially. As of February 15, almost 20% of the float was sold short, a 6.41% increase over the previous month. 

Guardforce AI NASDAQ: GFAI

Guardforce AI, once primarily known for its comprehensive cash solutions and handling services in Thailand, has pivoted to embrace AI and robotics. Leveraging its robust foundation in secure logistics, the company aims to enhance operational efficiency through innovative AI technologies. 

Despite experiencing major volatility, with its stock down over 60% over the previous year, year-to-date, shares are slightly in the green, up 0.6%. Over the last month, the stock increased by almost 30% as the sector gained traction. 


With a market capitalization of just $21 million and an average volume of 637,747 shares, shares of GFAI might continue to experience significant swings and volatility in the months and years ahead. 

SoundHound AI NASDAQ: SOUN

SoundHound AI, a pioneer in voice recognition technology, has carved a niche in the AI solutions market for voice-enabled devices and mobile applications. Although the stock boasts an impressive 184% year-to-date surge, the sentiment remains relatively bearish, with 12.93% of the float sold short and recent insider selling being recorded.

Although the company’s revenue, reported on February 29, increased by 80% compared to the same period the year before, earnings slightly missed analysts’ estimates, and revenue fell short of the consensus estimate. 

Analysts remain steadfast on the stock, with a consensus rating of moderate buy and a price target forecasting an almost 4% upside. Nonetheless, it is an impressive price target, considering the stock has already appreciated 255% over the previous month. 

Bullfrog AI NASDAQ: BFRG

Bullfrog AI is a digital biopharmaceutical company harnessing AI and ML for medical and healthcare data analysis. With its AI/ML platform, bfLEAP, the company is at the forefront of leveraging technology to revolutionize the healthcare industry. 

With a micro-cap of just $27 million and significant short interest of 11%, Bullfrog AI remains an intriguing speculative play, as the stock has an average volume of just 398,802 and a low float of just 1.43 million shares. Notably, shares of the micro-cap AI company are up over 36% year-to-date and slightly over 25% over the previous year. 

C3.ai NYSE: AI

C3.ai, perhaps the most widely known stock on this list, is a company focused on enterprise AI software solutions. With a suite of offerings spanning predictive maintenance, fraud detection, and supply chain optimization, C3.ai caters to various industries. 

Although trading with a significantly larger market cap than the others mentioned above, $4.3 billion, C3.ai warrants attention for its robust growth potential and recent substantial directional move following its earnings report. Over the previous year, the stock is up close to 70% and almost 25% year-to-date, following its most recent earnings release.

C3.ai's latest quarter, ending Jan. 31, saw sales increase by 18% to $78.4 million, marking four consecutive quarters of revenue growth. Government revenue doubled year-over-year. Despite ongoing losses, the company is moving closer to profitability, with a loss of 13 cents per share last quarter. Analysts predict losses will decrease from 69 cents in fiscal 2024 to 34 cents in fiscal 2025.

Should you invest $1,000 in BigBear.ai right now?

Before you consider BigBear.ai, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BigBear.ai wasn't on the list.

While BigBear.ai currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
SoundHound AI (SOUNW)
0 of 5 stars
$2.28+0.4%N/AN/AN/A
Bullfrog AI (BFRG)
0.0376 of 5 stars
$3.07-3.2%N/AN/AN/A
C3.ai (AI)
2.8199 of 5 stars
$22.43-5.2%N/A-9.63Hold$29.91
Guardforce AI (GFAI)
0 of 5 stars
$3.24-6.6%N/AN/AN/A
BigBear.ai (BBAI)
0.9813 of 5 stars
$1.75-0.6%N/A-4.17Moderate Buy$3.00
Compare These Stocks  Add These Stocks to My Watchlist 

Ryan Hasson

About Ryan Hasson

  • Ry.has7@gmail.com

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Experience

Ryan Hasson has been a contributing writer for MarketBeat since 2023.

Areas of Expertise

Equity research and analysis, technical analysis and price action, market sentiment and underlying themes, risk management and trading psychology

Education

Bachelor of Commerce in Financial Management

Past Experience

Equities trader, Kershner Trading Group, business analysis consultant, SMB Capital

Zoom International: Business Analysis Consultant.


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