Materials Tech Sector

Extreme Networks

Market Cap: US$3.9b

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

Insight Enterprises

Market Cap: US$3.9b

Provides information technology, hardware, software, and services in the United States, rest of North America, Europe, Middle East, Africa, and the Asia-Pacific.

Axcelis Technologies

Market Cap: US$3.8b

Designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific.

monday.com

Market Cap: US$3.8b

Develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.

Badger Meter

Market Cap: US$3.8b

Manufactures and markets flow measurement, quality, control, and communication solutions worldwide.

Diodes

Market Cap: US$3.8b

Provides semiconductor products in Asia, the Americas, and Europe.

Universal Display

Market Cap: US$3.8b

Engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications.

CleanSpark

Market Cap: US$3.7b

Operates as a bitcoin mining company in the Americas.

Ultra Clean Holdings

Market Cap: US$3.7b

Develops and supplies critical subsystems, components and parts, and cleaning and analytical services for the semiconductor industry in the United States and internationally.

nLIGHT

Market Cap: US$3.7b

Engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications.

Q2 Holdings

Market Cap: US$3.7b

Provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.

Mirion Technologies

Market Cap: US$3.7b

Provides radiation detection, measurement, analysis, and monitoring products and services in North America, Europe, and the Asia Pacific.

Cellebrite DI

Market Cap: US$3.6b

Develops software and services for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

OSI Systems

Market Cap: US$3.6b

Designs and manufactures electronic systems and components in the United States and internationally.

Tenable Holdings

Market Cap: US$3.6b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

IPG Photonics

Market Cap: US$3.6b

Develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications.

CCC Intelligent Solutions Holdings

Market Cap: US$3.6b

Operates as a software as a service (SaaS) company for the property and casualty insurance economy in the United States and China.

Bel Fuse

Market Cap: US$3.5b

Designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits.

Pony AI

Market Cap: US$3.4b

Through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China and internationally.

Power Integrations

Market Cap: US$3.4b

Designs, develops, manufactures, and markets analog and mixed-signal integrated circuits, and other electronic components and circuitry used in high-voltage power conversion.

Fastly

Market Cap: US$3.4b

Operates an edge cloud platform for processing, serving, and securing its customer’s applications in the United States, the Asia Pacific, Europe, and internationally.

Xanadu Quantum Technologies

Market Cap: CA$4.6b

Develops and provides photonic quantum computing technology and related software solutions and applications, including cloud-based access to quantum computers and tools for quantum programming and simulation.

Workiva

Market Cap: US$3.3b

Provides cloud-based reporting solutions in the United States and internationally.

Csquare

Market Cap: US$3.3b

Operates as a digital infrastructure platform that provides interconnection services.

Ambarella

Market Cap: US$3.3b

Develops low-power system-on-a-chip, semiconductors, and software for edge and physical artificial intelligence, applications, and intelligent automation.

Kinaxis

Market Cap: CA$4.4b

Provides cloud-based subscription software-as-a-service for supply chain operations in the United States, Europe, Asia, and Canada.

Ionic Digital

Market Cap: US$3.1b

Operates a digital infrastructure company supporting the needs of AI and high-performance computing.

Freshworks

Market Cap: US$3.1b

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

Knowles

Market Cap: US$3.1b

Offers capacitors, radio frequency (RF) and microwave filters, balanced armature speakers, and medtech microphones in Asia, the United States, Europe, rest of Americas, and internationally.

Veeco Instruments

Market Cap: US$3.1b

Develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally.

Kingsoft Cloud Holdings

Market Cap: US$3.0b

Provides cloud services to businesses and organizations primarily in China.

ChronoScale Holdings

Market Cap: US$3.0b

Designs and develops a compute platform to support artificial intelligence (AI) workloads.

Agilysys

Market Cap: US$3.0b

Operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India.

Megaport

Market Cap: AU$4.3b

Provides on-demand interconnection services in Australia, New Zealand, Hong Kong, Singapore, Japan, the United States of America, Canada, Mexico, and Brazil, and Europe.

AXT

Market Cap: US$3.0b

Designs, develops, manufactures, and distributes compound and single element semiconductor substrates.

Kyndryl Holdings

Market Cap: US$3.0b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.