Big and small enterprises in all industries were damaged by the pandemic-driven slump. However, it has only increased the use of artificial intelligence. Despite the COVID-19 rise, AI-powered enterprises managed to stay afloat. Artificial intelligence (AI) market revenues are predicted to increase 16.4% year over year to $327.5 billion in 2021. Microsoft Corporation is one of the world’s most powerful AI companies. Microsoft’s stock has climbed by 35% in the last year. C3.ai, Inc., a Microsoft-backed AI software company, priced its initial public offering in December at $42 per share. In the previous month, AI stock had increased by 17%. Innodata Inc. is a small-cap AI stock that is driving the rise of emerging technology. Bloomberg, a business and financial news organization, and Apple, a technology powerhouse, are two of the company’s major clients.
Here is Insider Monkey’s list of the 10 small-cap AI stocks. Innodata Inc is a data engineering corporation situated in New Jersey that was founded in 1988. Machine learning and artificial intelligence are used to handle data problems in the organization. Innodata amended its deal in March, committing to provide AI services for up to $7.0 million in 2021. Alithya Group Inc. is an IT consultancy firm based in Montreal that was created in 1992. The company’s market capitalization is $210 million. Revenue for the third quarter of 2019 was $70.6 million, up from $66.2 million in the same period last year. Magic Software Enterprises Ltd. is a software development firm situated in Israel that was established in 1983. It ranks ninth among the top ten small-cap AI stocks. The software company develops cutting-edge software platforms for enterprise integration and commercial app development. The company’s revenue climbed by 25.9% to $107.3 million in the first quarter of 2021, compared to $85.2 million in the same quarter of 2020. CooTek (Cayman) Inc. is a mobile app developer based in Shanghai that was formed in 2008. On the list of 10 small-cap AI stocks, it is ranked eighth. The Chinese IT firm provides mobile apps and artificial intelligence technologies and is quickly expanding in the mobile internet space. Ideanomics, Inc. is a financial technology firm based in New York that promotes the use of commercial electric vehicles. On our list of 10 small-cap AI stocks, it is ranked sixth. The company Ideanomics has a market capitalization of $1.2 billion. The company made $32.7 million in revenue in the first quarter of 2021, up from $378,000 in 2020. For more details, click 10 Small-Cap AI Stocks.
Unsplash
