U.S. Data Center (AI Picks and Shovels) Stocks

Freshworks

Market Cap: US$2.3b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

NextNav

Market Cap: US$2.3b

Provides positioning, navigation, and timing (PNT) solutions in the United States.

Extreme Networks

Market Cap: US$1.9b

Develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Digi International

Market Cap: US$1.8b

Provides business and mission-critical Internet of Things (IoT) connectivity products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally.

Karooooo

Market Cap: US$1.5b

Provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Five9

Market Cap: US$1.2b

Provides intelligent cloud software for contact centers in the United States and internationally.

Radware

Market Cap: US$1.1b

Develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data canters.

POET Technologies

Market Cap: US$1.0b

Designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China.

Ituran Location and Control

Market Cap: US$988.7m

Provides location-based telematics services and machine-to-machine telematics products in Israel, Brazil, and internationally.

Penguin Solutions

Market Cap: US$945.0m

Designs, builds, deploys and manages enterprise solutions worldwide.

Yext

Market Cap: US$645.1m

Provides a platform that offers answers to consumer questions in North America and internationally.

Alpha and Omega Semiconductor

Market Cap: US$640.2m

Designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally.

Bit Digital

Market Cap: US$522.5m

Engages in the institutional grade ethereum treasury and staking business.

CEVA

Market Cap: US$506.2m

Provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally.

Ribbon Communications

Market Cap: US$368.8m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Chaince Digital Holdings

Market Cap: US$329.8m

A digital fintech company, provides access to the AI-powered infrastructure, blockchain, and digital assets in the United States.

Gorilla Technology Group

Market Cap: US$315.4m

Provides solutions in security, network, business intelligence, and Internet of Things (IoT) technology in Taiwan and the United Kingdom.

Allot

Market Cap: US$312.5m

Develops, sells, and markets network intelligence and security solutions in Israel, Europe, Asia, Oceania, the Americas, the Middle East, and Africa.

Veritone

Market Cap: US$262.6m

Engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India.

Everspin Technologies

Market Cap: US$203.9m

Manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, Canada, and internationally.

SoundThinking

Market Cap: US$85.3m

A public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

Soluna Holdings

Market Cap: US$77.1m

Engages in the mining of cryptocurrency through data centres.

Optical Cable

Market Cap: US$65.4m

Manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally.

Ideal Power

Market Cap: US$38.2m

Focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology.

B.O.S. Better Online Solutions

Market Cap: US$29.4m

Provides intelligent robotics, radio frequency identification (RFID) products, and supply chain solutions for enterprises in Israel, East Asia, India, the United States, Europe, and internationally.

FatPipe

Market Cap: US$25.8m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.

authID

Market Cap: US$22.9m

Provides biometric identity platform worldwide.

SAIHEAT

Market Cap: US$15.8m

Engages in the development of liquid cooling technologies for cryptocurrency assets.

Peraso

Market Cap: US$14.0m

A fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in North America, Hong Kong, Taiwan, and internationally.

Mawson Infrastructure Group

Market Cap: US$8.3m

Develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States.

Broadcast Marketing Group

Market Cap: US$6.3m

LocatI Global Holdings, Inc. develops and licenses global positioning systems (GPS) for tracking, monitoring, surveillance, and recovering automobiles, tractor-trailers, individuals, pets, cargo, medical equipment, ATMs, and electronic equipment.

Entrex Carbon Market

Market Cap: US$4.2m

Through its subsidiary, Shenzhen Rui Pu Da Electronic Technology Company Ltd, acquires and operates natural-gas-powered Bitcoin mining units.

Iveda Solutions

Market Cap: US$3.3m

Provides artificial intelligence (AI) driven video surveillance solutions and a robust suite of Internet of Things (IoT) platforms that power digital transformation for cities and commercial clients internationally.

Xiao-I

Market Cap: US$2.1m

Through its subsidiary, Shanghai Xiao-i Robot Technology Co., Ltd., provides software services in the People’s Republic of China.

DSG Global

Market Cap: US$329.6k

A technology development company, engages in the design, manufacture, and marketing of fleet management solutions for the golf industry, commercial, government, and military applications worldwide.

Universal Tracking Solutions

Market Cap: US$11.8k

Provides global positioning satellite asset tracking systems to monitor the fleets of motor vehicles primarily in the west and southwest United States.