Commercial Services Tech Sector

Xero

Market Cap: AU$13.2b

Provides online business solutions for small businesses and their advisors in Australia, New Zealand, the United Kingdom, the United States, and internationally.

Applied Digital

Market Cap: US$9.1b

Designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.

InterDigital

Market Cap: US$9.1b

Operates as a global research and development company focuses on wireless, visual, artificial intelligence (AI), and related technologies.

Procore Technologies

Market Cap: US$8.8b

Provides a cloud-based construction management platform and related products and services in the United States and internationally.

ServiceTitan

Market Cap: US$8.8b

Provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

Qorvo

Market Cap: US$8.7b

Engages in development and commercialization of technologies and products for wireless, wired, and power markets in the United States, China, rest of Asia, Taiwan, and Europe.

TeraWulf

Market Cap: US$8.6b

Owns, develops, operates digital infrastructure in the United States.

Silicon Motion Technology

Market Cap: US$8.2b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Ralliant

Market Cap: US$8.0b

Engages in the design, development, manufacture, sale, and service of precision instruments and engineered products in the United States, China, and internationally.

Elastic

Market Cap: US$8.0b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Avnet

Market Cap: US$8.0b

Distributes electronic component technology in the Americas, Europe, the Middle East, Africa, and Asia/Pacific.

Allegro MicroSystems

Market Cap: US$7.9b

Designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions of complex electromechanical or power conversion systems.

UiPath

Market Cap: US$7.9b

Provides an automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally.

NEXTDC

Market Cap: AU$11.2b

An ASX 100-listed technology company and Asia’s most innovative Data Centre as-a-Service provider.

D-Wave Quantum

Market Cap: US$7.7b

Engages in the development and delivery of quantum computing systems, software, and services worldwide.

SentinelOne

Market Cap: US$7.6b

Operates as a cybersecurity provider in the United States and internationally.

Riot Platforms

Market Cap: US$7.6b

Operates as a Bitcoin mining company in the United States.

Camtek

Market Cap: US$7.6b

Develops, manufactures, and sells inspection and metrology equipment for semiconductor industry in the United States, China, Korea, Europe, and the Asia Pacific.

Technology One

Market Cap: AU$10.7b

Engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally.

Cipher Digital

Market Cap: US$7.4b

Develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States.

Dropbox

Market Cap: US$7.3b

Provides a content collaboration platform in the United States and internationally.

Silicon Laboratories

Market Cap: US$7.3b

A fabless semiconductor company, provides mixed-signal analog intensive products in the United States, China, Taiwan, and internationally.

Plexus

Market Cap: US$7.2b

Provides electronic manufacturing services in the United States, the Asia-Pacific, Europe, the Middle East, and Africa.

AppFolio

Market Cap: US$7.2b

Provides cloud-based platform for the real estate industry in the United States.

Zeta Global Holdings

Market Cap: US$7.2b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

GitLab

Market Cap: US$6.9b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Computacenter

Market Cap: UK£5.1b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, Western Europe, North America, and internationally.

MaxLinear

Market Cap: US$6.7b

Provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally.

Core Scientific

Market Cap: US$6.7b

Provides infrastructure for high-density colocation services and digital asset mining in the United States.

Descartes Systems Group

Market Cap: CA$9.3b

Provides global logistics technology solutions in the United States, Europe, the Middle East, Africa, Canada, and the Asia Pacific.

GDS Holdings

Market Cap: US$6.5b

Engages in the development and operation of data centers in the People's Republic of China.

Qualys

Market Cap: US$6.5b

Provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.

Ingram Micro Holding

Market Cap: US$6.5b

Through its subsidiaries, distributes information technology (IT) products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.

Novanta

Market Cap: US$6.3b

Provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally.

Clear Secure

Market Cap: US$6.2b

Operates a secure identity platform under the CLEAR brand name primarily in the United States.

Rigetti Computing

Market Cap: US$6.1b

Through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.