Lesser-Known and Publicly Traded AI Companies
This is a short list of companies working in or around the AI space that are (a) publicly listed, and (b) not NVIDIA, Meta, Amazon, Microsoft, or Google. They are not listed in any particular order or preference.
Note that in some cases, these are still very well-known (e.g., Samsung, TSMC), but they are certainly not the "magnificent seven" or the "FAANGs" or other such groupings.
Micron Technology
Micron Technology is a prominent player in the AI semiconductor space, known for its high-bandwidth memory that's useful alongside Nvidia's industry-leading chips for training large AI models. Despite some recent volatility in share prices due to unmet high expectations, Micron continues to be a significant entity in the global AI chip market.
Foxconn Technology Group (Hon Hai Precision Industry Co.)
Foxconn has seen growing revenues from AI server orders and other data center equipment, positioning itself as a key player benefiting from the AI boom. The company's diversification away from the smartphone business and into AI hardware has resulted in a doubling of its shares this year.
Taiwan Semiconductor Manufacturing Co. (TSMC)
TSMC is the world’s leading advanced-chip supplier for AI applications, heavily involved in producing high-performance computing chips. The company has benefited significantly from strong demand in the AI sector, recently achieving record high stock prices.
Applied Materials
Applied Materials is a supplier to the semiconductor industry, providing specialized materials and engineering solutions that are crucial for the production of AI chips. The company has gained attention as part of various AI-focused investment products and funds.
Arista Networks
Arista Networks specializes in high-frequency computing networks, which are essential for efficient data handling and AI computations. Their market performance has garnered attention within specialized AI investment products.
Micron Technology is a prominent player in the AI semiconductor space, known for its high-bandwidth memory that's useful alongside Nvidia's industry-leading chips for training large AI models. Despite some recent volatility in share prices due to unmet high expectations, Micron continues to be a significant entity in the global AI chip market.
Foxconn Technology Group (Hon Hai Precision Industry Co.)
Foxconn has seen growing revenues from AI server orders and other data center equipment, positioning itself as a key player benefiting from the AI boom. The company's diversification away from the smartphone business and into AI hardware has resulted in a doubling of its shares this year.
Taiwan Semiconductor Manufacturing Co. (TSMC)
TSMC is the world’s leading advanced-chip supplier for AI applications, heavily involved in producing high-performance computing chips. The company has benefited significantly from strong demand in the AI sector, recently achieving record high stock prices.
Applied Materials
Applied Materials is a supplier to the semiconductor industry, providing specialized materials and engineering solutions that are crucial for the production of AI chips. The company has gained attention as part of various AI-focused investment products and funds.
Arista Networks
Arista Networks specializes in high-frequency computing networks, which are essential for efficient data handling and AI computations. Their market performance has garnered attention within specialized AI investment products.
Arista Networks
Arista Networks specializes in high-frequency computing networks, which are essential for efficient data handling and AI computations. Their market performance has garnered attention within specialized AI investment products.
Soitec
Soitec is a mid-cap, specialized company that manufactures chips with the technique of silicon-on-insulator, allowing for optimized energy efficiency in semiconductor materials. The firm provides an interesting investment alternative for those looking for reasonable valuations compared to more prominent names in the industry.
Arista Networks specializes in high-frequency computing networks, which are essential for efficient data handling and AI computations. Their market performance has garnered attention within specialized AI investment products.
Soitec
Soitec is a mid-cap, specialized company that manufactures chips with the technique of silicon-on-insulator, allowing for optimized energy efficiency in semiconductor materials. The firm provides an interesting investment alternative for those looking for reasonable valuations compared to more prominent names in the industry.
ASE Technology Holding Co.
ASE Technology Holding Co. is the world’s biggest chip packaging and testing service provider. The company has recently announced the opening of a high-end chip testing fab in the US, aimed at better serving its North American clients, particularly those in the AI sector.
ASE Technology Holding Co. is the world’s biggest chip packaging and testing service provider. The company has recently announced the opening of a high-end chip testing fab in the US, aimed at better serving its North American clients, particularly those in the AI sector.
ASML
ASML, a Dutch tech giant, is one of the most critical companies in the AI semiconductor space. Known for its production of lithography machines used in chip manufacturing, ASML has seen its stock soar, recently becoming the most significant company in Europe, surpassing LVMH. Their technology is essential for producing the finer geometries required by advanced AI chips, making them a linchpin in the AI boom.
STMicroelectronics
STMicroelectronics, a European multinational electronics and semiconductors manufacturer, is involved substantially in the AI sector, producing crucial semiconductor components for various applications, including AI hardware. This involvement positions STMicroelectronics as a key player in the AI-driven semiconductor market.
SAP
SAP, the German tech conglomerate, specializes in enterprise software and analytics powered by AI. Its ongoing integration of AI within its product offerings, including enterprise resource planning (ERP) systems, positions SAP as a significant AI player focused on improving business efficiencies and data management.
Arm Holdings
Arm Holdings, a UK-based company acquired by SoftBank and currently in the process of a potential public listing, designs chip architectures that are integral to AI applications. Their low-power, high-efficiency designs make them a favorite in AI hardware.
Nokia
Nokia, the Finnish telecom giant, integrates AI into its network solutions to enhance predictive maintenance, optimize network performance, and develop 5G technologies. Nokia's use of AI in telecom infrastructure demonstrates its commitment to leveraging advanced technologies to drive innovation in communication networks.
ASML, a Dutch tech giant, is one of the most critical companies in the AI semiconductor space. Known for its production of lithography machines used in chip manufacturing, ASML has seen its stock soar, recently becoming the most significant company in Europe, surpassing LVMH. Their technology is essential for producing the finer geometries required by advanced AI chips, making them a linchpin in the AI boom.
STMicroelectronics
STMicroelectronics, a European multinational electronics and semiconductors manufacturer, is involved substantially in the AI sector, producing crucial semiconductor components for various applications, including AI hardware. This involvement positions STMicroelectronics as a key player in the AI-driven semiconductor market.
SAP
SAP, the German tech conglomerate, specializes in enterprise software and analytics powered by AI. Its ongoing integration of AI within its product offerings, including enterprise resource planning (ERP) systems, positions SAP as a significant AI player focused on improving business efficiencies and data management.
Arm Holdings
Arm Holdings, a UK-based company acquired by SoftBank and currently in the process of a potential public listing, designs chip architectures that are integral to AI applications. Their low-power, high-efficiency designs make them a favorite in AI hardware.
Nokia
Nokia, the Finnish telecom giant, integrates AI into its network solutions to enhance predictive maintenance, optimize network performance, and develop 5G technologies. Nokia's use of AI in telecom infrastructure demonstrates its commitment to leveraging advanced technologies to drive innovation in communication networks.
SK Hynix
SK Hynix is South Korea's second largest memory chipmaker, specializing in high-bandwidth memory (HBM) chips used in artificial intelligence (AI) applications and other advanced computing technologies. The company is a market leader in the HBM segment, having developed and mass-produced the fifth-generation HBM3E chip, which has been a critical component for Nvidia's AI chipsets. As part of its aggressive growth strategy, SK Hynix plans to invest 103 trillion won by 2028 to strengthen its semiconductor business, focusing on AI and related sectors.
SK Hynix is South Korea's second largest memory chipmaker, specializing in high-bandwidth memory (HBM) chips used in artificial intelligence (AI) applications and other advanced computing technologies. The company is a market leader in the HBM segment, having developed and mass-produced the fifth-generation HBM3E chip, which has been a critical component for Nvidia's AI chipsets. As part of its aggressive growth strategy, SK Hynix plans to invest 103 trillion won by 2028 to strengthen its semiconductor business, focusing on AI and related sectors.
Samsung Electronics
Samsung Electronics, the world's largest memory chipmaker, has also made significant strides in the AI semiconductor space. The company has recently set up a dedicated unit for developing high-bandwidth memory (HBM) to regain its leadership in the AI semiconductor market, currently led by SK Hynix. Known for its DRAM and NAND flash memory, Samsung has seen strong demand for its AI-related products and a remarkable recovery in memory chip prices, resulting in a substantial boost in operating profit. Additionally, Samsung's foundry operations have benefited from a resurgence in information technology demand, further cementing its status as a key player in AI and semiconductor markets.
Samsung Electronics, the world's largest memory chipmaker, has also made significant strides in the AI semiconductor space. The company has recently set up a dedicated unit for developing high-bandwidth memory (HBM) to regain its leadership in the AI semiconductor market, currently led by SK Hynix. Known for its DRAM and NAND flash memory, Samsung has seen strong demand for its AI-related products and a remarkable recovery in memory chip prices, resulting in a substantial boost in operating profit. Additionally, Samsung's foundry operations have benefited from a resurgence in information technology demand, further cementing its status as a key player in AI and semiconductor markets.