Commercial Services Tech Sector

Power Integrations

Market Cap: US$4.1b

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

BILL Holdings

Market Cap: US$4.0b

Provides financial operations platform for small and midsize businesses worldwide.

Vontier

Market Cap: US$4.0b

Provides mobility ecosystem solutions worldwide.

Lumine Group

Market Cap: CA$5.6b

Develops, installs, and customizes software, and related professional and support services worldwide.

Cellebrite DI

Market Cap: US$3.9b

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

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.

Box

Market Cap: US$3.9b

Provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in Poland, Australia, Canada, the European Union, France, Israel, Japan, Singapore, Switzerland, the United Kingdom, and the United States.

Itron

Market Cap: US$3.8b

A technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide.

Ondas

Market Cap: US$3.8b

Provides private wireless, drone, and automated data solutions in the United States and internationally.

Bel Fuse

Market Cap: US$3.7b

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

Universal Display

Market Cap: US$3.7b

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.

OSI Systems

Market Cap: US$3.7b

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

AXT

Market Cap: US$3.6b

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

Navitas Semiconductor

Market Cap: US$3.6b

Designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally.

nLIGHT

Market Cap: US$3.6b

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

Veeco Instruments

Market Cap: US$3.5b

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.

monday.com

Market Cap: US$3.5b

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

Xanadu Quantum Technologies

Market Cap: CA$4.9b

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.

Ambarella

Market Cap: US$3.4b

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

Ichor Holdings

Market Cap: US$3.4b

Engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in Singapore, the United States, Europe, and internationally.

Insight Enterprises

Market Cap: US$3.4b

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

Bitdeer Technologies Group

Market Cap: US$3.4b

Operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally.

RingCentral

Market Cap: US$3.4b

An agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging.

Q2 Holdings

Market Cap: US$3.3b

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

CCC Intelligent Solutions Holdings

Market Cap: US$3.3b

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

Teradata

Market Cap: US$3.3b

Provides an AI and knowledge platforms in the United States and internationally.

CleanSpark

Market Cap: US$3.2b

Operates as a bitcoin mining company in the Americas.

Adeia

Market Cap: US$3.2b

Operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

SolarEdge Technologies

Market Cap: US$3.2b

Operates as an energy technology company in the United States, Europe, and internationally.

Ouster

Market Cap: US$3.2b

Engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

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.

IPE Universal

Market Cap: US$3.1b

Engages in the development and commercialization of mobile Voice over Internet protocol (VoIP) communications and mobile advertising applications in Malaysia and Hong Kong.

Penguin Solutions

Market Cap: US$3.1b

Designs, builds, deploys and manages enterprise solutions worldwide.

Agilysys

Market Cap: US$3.1b

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.

Benchmark Electronics

Market Cap: US$3.1b

Offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe.

Kinaxis

Market Cap: CA$4.3b

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