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Given the high demand, I thought I’d republish Qullamaggie’s full list of AI and quantum computing stocks (as of 23 May 2023) in a dedicated stack, and highlight some of the best names on it. I personally wanted the information in one place anyway, and suspect I’m not alone. And rest assured — this stack is much shorter than the last two.
As ever, none of this is financial advice — always do your own research. At the very least, I recommend you import the below list into your charting software and go through all the charts yourself.
Kristjan’s list
AI
AITX
AIU
AIXI
AMST
APLD
ARQQ
AUGX
AUUD
BBAI
BFRG
BGRY
BIDU
BLBX
BOTZ
BZFD
CDIO
CXM
DAO
DNA
DPRO
DYAI
EVGN
EXAI
FOXO
GAME
GDVM
GFAI
GRRR
GSIT
HOLO
HYPR
IDAI
INOD
INPX
INTA
IONQ
IOT
IRNT
JG
KRBP
KRKR
LAZR
LIZI
LTRN
LUCY
MARK
MCLD
MCOM
MDGS
META
MMAT
MRAI
MTEK
NFTG
NIR
NOTE
NRDY
OPRA
OTRK
PATH
PEGA
PERF
POAI
PRST
QBTS
QUBT
RCRT
RGTI
RMBS
RSKD
RXRX
SAI
SDGR
SECO
SES
SMCI
SOUN
STAF
SVRE
SYM
VERI
VUZI
WLDS
YEXT
ZDGE
ZH
I’ve picked out what I think are the six top names, and discussed them in more detail below, in alphabetical order. At the end of this stack, I’ve included a few other noteworthy tickers.
$AI
Theme: AI
Industry: IT services
Sector: Technology
Market cap: $3.1B (mid cap)
ADR: 9.35%
Reason for inclusion: Bought by Kristjan
Observations/commentary:
Relatively recent IPO (December 2020).
Huge volume since February! That’s a sign of funds buying this stock.
Had a good EP on 15 May 2023 (raised guidance), on big volume that has pretty much been sustained since. Great follow-through too.
$APLD
Theme: AI
Industry: Internet content and information
Sector: Technology
Market cap: $838.0M (small cap)
ADR: 16.65%
Reason for inclusion: Bought by Kristjan
Observations/commentary:
Great EP, with follow-through, on 16 May 2023 on AI-related news. Massive volume that day, and volume has remained higher than average since.
Staying close to the 8 EMA (red line).
$IONQ
Theme: Quantum computing
Industry: Computer systems
Sector: Technology
Market cap: $1.9B (small cap)
ADR: 9.90%
Reason for inclusion: Highlighted by Kristjan
Observations/commentary:
Big volume coming in.
Unusually among the master AI/quantum list, this stock actually has real earnings and customers.
Had a good earnings EP on 31 March, with nice follow-through, though the stock did retest before embarking on a sustained move upwards on increasing volume.
Now pulling back, exactly as Kris wanted during the 23 May stream, and building higher lows while surfing that 8 EMA.
$QBTS
Theme: Quantum computing
Industry: Software — application
Sector: Technology
Market cap: $139.4M (micro cap)
ADR: 23.36%
Reason for inclusion: Bought by Kristjan
Observations/commentary:
Recent IPO (August 2022).
Great EP on 22 May 2023 on highest volume ever. First earnings report, plus quantum-related news.
Had >200% follow-through in a week. Small account edge!
Volume has remained high since the EP so far.
$RMBS
Theme: AI and semiconductors
Industry: Semiconductors
Sector: Technology
Market cap: $139.4M (micro cap)
ADR: 23.36%
Reason for inclusion: Great chart and double theme
Observations/commentary:
Making new highs since 2000, with big volume coming in.
Generally trades quite cleanly.
Had high-volume breakouts on 29 March and 2 May 2023.
Had high-volume gap ups on 18 and 25 May. The second one is pretty incredible, having such a successful one (superb volume and great follow-through so far) when it already had one the week before and was still a bit extended from that, even if it did pull back to the 8 EMA. However, the 25 May gap up was replicated across several semiconductor names that day due to $NVDA’s great earnings. The 18 May one is less clear to me — only fluff news that day.
$SMCI
Theme: AI
Industry: Computer systems
Sector: Technology
Market cap: $11.1B (large cap)
ADR: 6.41%
Reason for inclusion: Highlighted by Kristjan (EP miss)
Observations/commentary:
Making new ATHs.
Recently two great EPs, both on huge volume, on 3 and 25 May 2023. The first EP was on not-that-great earnings (but the market is a forward-looking mechanism), the second on AI-related news.
Between the EPs, it had a really nice breakout after a short period of consolidation, with follow-through, on 16 May on volume — a rare sight recently.
Other noteworthy names from the list
IOT
OPRA
RGTI
RXRX
SDGR
More Qullamaggie notes
All my Qullamaggie notes, including stream notes, are available here.
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More about Qullamaggie
To learn more about Kristjan Kullamägi, aka Qullamaggie, and the way he trades, visit qullamaggie.com.
All past streams are available on Kristjan’s YouTube channel.
Note: I made a mistake on $RMBS, which a reader very kindly pointed out, and have now corrected it above. However, the mistake will be in your inboxes permanently - a good reason for reading stacks on Substack.
I'm only human, and here to learn as much as you are. I do my very best to be accurate, but mistakes will, unfortunately, happen. Please do point them out when I make them, and I'll immediately correct them!
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