As the synthetic intelligence (AI) market continues to develop, there are numerous AI shares for buyers to select from on high exchanges just like the NASDAQ, TSX and ASX.
AI know-how has made robust inroads into a number of key industries, together with logistics, manufacturing, finance, healthcare, customer support and cybersecurity.
The know-how has been round for a very long time, however this present wave of buzz comes after the discharge of OpenAI’s ChatGPT, a generative AI platform. This clever chatbot exhibits how shortly generative AI is advancing, and it has led to many different main tech companies getting into the house with their very own generative AI choices or together with AI know-how into their revolutionary merchandise.
On a world scale,
Fortune Business Insights predicts that the AI business will expertise a compound annual progress charge of 29.2 % between 2025 and 2032 to achieve a market worth of greater than US$1.77 trillion.
Right here the Investing Information Community profiles a few of the largest AI shares by market cap on US, Canadian and Australian inventory exchanges. Information for this AI shares record was gathered on March 20, 2025, utilizing TradingView’s
stock screener.
American AI shares
In keeping with Tracxn Applied sciences, the variety of US AI corporations has more than doubled since 2017, with over 84,950 corporations working within the sector in the present day.
One of many main components fueling progress within the American AI market, states Statista, is “the rising investments and partnerships amongst know-how corporations, analysis establishments, and governments.”
Under are three of the highest US AI shares by market cap. For extra US AI shares, take a look at our record of 12 generative AI stocks and 5 AI ETFs.
1. NVIDIA (NASDAQ:NVDA)
Market cap: US$2.89 trillion
Share worth: US$118.53
The worldwide chief in graphics processing unit (GPU) know-how, NVIDIA is designing specialised chips used to coach AI and machine-learning fashions for laptops, workstations, cellular units, notebooks and PCs.
The corporate is partnering with a variety of big-name tech companies to deliver numerous key AI merchandise to market.
By means of its partnership with Dell Technologies (NYSE:DELL), NVIDIA is creating AI functions for enterprises, corresponding to language-based providers, speech recognition and cybersecurity.
The chipmaker has additionally been instrumental within the buildout of Meta Platforms’ (NASDAQ:META) AI supercomputer. Known as the Analysis SuperCluster, it reportedly makes use of a complete of 16,000 NVIDIA GPUs.
In early 2024, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) and NVIDIA launched the world’s first multi-die chip particularly designed for AI functions: the Blackwell GPU. Blackwell’s structure permits for the elevated processing energy wanted to coach bigger and extra complicated AI fashions.
At its March GTC 2025 convention, dubbed the AI Woodstock, NVIDIA CEO Jensen Huang made a collection of essential bulletins together with the Blackwell Extremely AI chip and its next-generation Vera Rubin platform.
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2. Microsoft (NASDAQ:MSFT)
Market cap: US$2.88 trillion
Share worth: US$386.84
Microsoft has dedicated billions to OpenAI, however the tech behemoth has additionally constructed its personal AI options based mostly on the chatbot creator’s know-how: Bing AI and Copilot. OpenAI officially licensed its applied sciences to Microsoft in 2020.
In late Might 2024, Microsoft unveiled its Copilot+ Home windows PCs, its first range of AI-equipped PCs. In keeping with the corporate, they’re the “quickest, most clever Home windows PCs ever constructed.”
After receiving criticism over safety flaws, Microsoft announced in late September that it had made modifications to the Copilot+ unique Recall software program, which used AI to create screenshots of all the things customers do on their computer systems.
An update to Windows 11 in October 2024 included upgrades to the Copilot synthetic intelligence platform capabilities, together with the introduction of the flexibility to talk on to the AI helper.
Microsoft’s strikes into generative AI have translated into higher revenues for its Azure cloud computing enterprise and a better market capitalization — the tech big pushed previous the US$3 trillion mark in January 2024 and its managed to keep up that stage up till the latest stock sell-off on account of tariffs and commerce wars by US President Donald Trump.
In January 2025, Microsoft introduced an US$80 billion investment in US-based AI infrastructure, adopted by the integration of AI tools into Microsoft 365.
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3. Alphabet (NASDAQ:GOOGL)
Market cap: US$2.0 trillion
Share worth: US$162.80
Alphabet holds court docket with each Microsoft and NVIDIA as a part of the tech sector’s Magnificent 7, and its foray into AI has equally introduced the tech big a lot success. The corporate has created the AI chatbot Gemini, previously often called Bard, which is built-in into merchandise corresponding to its Google Suite, the Chromecast browser and the Google Pixel cellphone line.
Alphabet’s market cap surpassed the US$2 trillion mark in April 2024. That very same month, Google introduced a custom AI chip designed for its cloud providers clients. The know-how makes use of British semiconductor firm Arm Holding’s (NASDAQ:ARM) AI structure. In the identical week, Google revealed its new A3 Mega AI processor based mostly on NVIDIA’s H100 Know-how.
In September 2024, Google partnered with automaker Volkswagen (OTC Pink:VLKAF,ETR:VOW) to launch a smartphone-app-integrated AI assistant for Volkswagen drivers.
On the NVIDIA GTC 2025 convention, Alphabet and NVIDIA announced a collection of AI-focused partnerships within the sectors of robotics, drug discovery and manufacturing.
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Canadian AI shares
Acknowledged as a world-leading AI analysis hub, Canada ranks eighth out of 83 international locations within the Global AI Index. Since 2017, the Canadian authorities has invested a whole lot of tens of millions of {dollars} into accelerating the analysis and commercialization of AI know-how within the nation via the Pan-Canadian AI Strategy.
Research by IBM (NYSE:IBM) exhibits Canadian companies are more and more adopting AI, with 56 % of IT professionals in massive enterprises reporting that they plan to extend deployment the know-how of their operations for 2025.
Under are three of the highest Canadian AI shares by market cap. For extra Canadian AI shares, check out our record of 5 small-cap Canadian AI stocks.
1. CGI (TSX:GIB.A)
Market cap: C$33.31 billion
Share worth: C$141.32
Montreal-based CGI is among the many world’s largest IT methods integration corporations, and affords a variety of providers, from cloud migration and digital transformation to information evaluation, fraud detection and even provide chain optimization. Its greater than 700 shoppers span the retail, wholesale, client packaged items and client providers sectors worldwide.
By means of a partnership with Google, CGI is leveraging the Google Cloud Platform to strengthen the capabilities of its CGI PulseAI resolution, which may be built-in with current functions and workflows.
CGI is aggressively working to broaden its generative AI capabilities and shopper choices. In early March 2024, the corporate launched Elements360 ARC-IBA, an AI powered platform for brokers and insurers to settle accounts within the UK broking business. Later in September, CGI signed the EU’s Artificial Intelligence Act pledge to work for reliable and secure AI improvement.
The corporate’s AI-powered CGI DigiOps toolkit gained the Affiliation of Chartered Licensed Accountants (ACCA) India Award 2024 for Excellence in Digital Transformation in February 2025. CGI DigiOps is utilized in a number of industries, together with the power and utilities, and retail sectors. “This award for digital transformation excellence is a testomony to our dedication to delivering end-to-end AI-powered options to attain significant outcomes for our shoppers,” Rakesh Aerath, President, CGI Asia Pacific World Supply Facilities of Excellence.
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2. OpenText (TSX:OTEX)
Market cap: C$9.94 billion
Share worth: C$37.79
Ontario-based OpenText is considered one of Canada’s largest software program corporations. The tech agency develops and sells enterprise data administration software program. Its portfolio contains a whole lot of merchandise within the areas of enterprise content material administration, digital course of automation and safety, plus AI and analytics instruments.
OpenText serves small companies, massive enterprises and governments alike. Its AI & Analytics platform has an open structure that allows integration with different AI providers, together with Google Cloud and Azure. It may leverage all kinds of information, together with structured or unstructured information, large information and the web of issues to shortly create interactive visuals.
In January 2024, OpenText launched Cloud Editions 24.1, which incorporates enhancements to its OpenText Aviator portfolio.
OpenText has additionally been increasing its AI-powered cybersecurity choices lately. In early 2025, the corporate launched OpenText Core Menace Detection and Response, which leverages AI-driven behavioral analytics to detect insider threats and cyberattacks.
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3. Coveo Options (TSX:CVO)
Market cap: C$553.97 million
Share worth: C$5.57
Headquartered in Québec Metropolis, Québec, Coveo Options is a software-as-a- service firm that gives AI-powered relevance e-commerce and enterprise search software program in Canada, the USA and internationally. Relevance in AI includes studying fashions that decide the relevance between search enter information and the anticipated output.
The corporate’s Coveo AI-Relevance Platform is utilized in a broad vary of industries, together with excessive tech, healthcare, manufacturing, monetary providers, retail, and telecommunication. Coveo’s many strategic companions embody Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE) and Shopify (TSX:SHOP,NYSE:SHOP).
In its fifth annual Commerce Relevance Report, Coveo discovered that 62 % of 4,000 US and UK shoppers surveyed responded that they’re extra prone to make purchases based mostly on generative-AI-driven steering. Drilling down on millennials, that determine rises to 68 %.
In February, Coveo reported its financials for its fiscal Q3 2025 ended December 31, 2024, together with whole revenues of US$34 million in comparison with US$31.8 million in its fiscal Q3 2024.
In March, Coveo announced the launch of three new choices for its clients: Coveo for Agentforce, an expanded suite of Coveo APIs and the Coveo Agentic AI Design Associate Program.
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Australian AI shares
AI funding by Australian corporations is projected to extend, according to BSI’s International AI Maturity Model, making the nation the second finest market on the earth by way of boosting AI capabilities. BSI stories that three-quarters of Australian enterprise leaders responding to the agency’s survey expressed the assumption that failing to put money into AI would place their organizations at a aggressive drawback.
The largest spenders with regards to AI in Australia are the banking business, the federal authorities, skilled providers and retail.
Under are three of the highest Australian AI shares by market cap. For extra ASX AI shares, take a look at our record of the 5 biggest ASX AI stocks.
1. NextDC (ASX:NXT)
Market cap: AU$8.23 billion
Share worth: AU$22.93
NEXTDC is Australia’s main information middle operator, with services at present operational or beneath improvement all through Australia. The corporate additionally has information facilities beneath improvement in New Zealand, Malaysia and Japan. The corporate is the 2024 recipient of the Australian Information Centre Service Firm of the Yr award.
NEXTDC’s shoppers embody a few of the world’s largest cloud suppliers, corresponding to Amazon (NASDAQ:AMZN) Internet Companies, Microsoft Azure, and Alphabet’s Google Cloud. The corporate has additionally obtained NVIDIA’s DGX-Prepared Information Centre Program certification, enabling it to optimize NVIDIA’s AI platforms and energy superior AI information facilities in Australia.
In its financial report for its fiscal H1 2025 ended December 31, 2024, the corporate reported whole income of AU$205.5 million, a slight lower of two % from the identical interval within the yr prior. Nonetheless, its web income was up 13 % to AU$167.8 million.
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2. Nuix (ASX:NXL)
Market cap: AU$1.06 billion
Share worth: AU$3.39
Sydney-based Nuix is a number one supplier of knowledge processing, investigative analytics and intelligence software program. Its shopper base contains authorized, compliance, forensic investigations, cybersecurity and information governance sectors.
The corporate’s patented Nuix Neo know-how makes use of superior deep studying strategies to raised practice AI fashions for extra environment friendly, scalable and cost-effective doc classification. Launched in July 2023, Nuix Neo is accessed via a browser-based, collaborative interface, and contains end-to-end automation, investigative analytics and AI-enabled workflows.
In its H1 fiscal year 2025 financials, Nuix reported that annualized contract worth for Nuix Neo grew to AU$18.9 million, a rise of 361 % in comparison with the prior corresponding interval, as its clients grew from 8 to 46 over the identical interval.
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3. BrainChip (ASX:BRN)
Market cap: AU$450.91 million
Share worth: AU$0.22
BrainChip is a sophisticated Edge AI on-chip processing and machine studying {hardware} firm. Its principal product is the Akida digital neuromorphic chip, which is constructed with a spiking neural community that mimics the way in which messages are handed between neurons within the human mind.
A big function of Akida’s technology is that it doesn’t should be linked to the cloud or different networks to be taught, enhancing safety.
In December 2024, Brainchip announced it had licensed the Akida IP to Frontgrade Gaisler, a number one supplier of radiation-hardened microprocessors for house functions. The next month, the corporate introduced an ecosystem of partnerships creating round its Akida Edge AI Field, which the corporate describes as “a compact, cost-effective equipment with AI/ML processing energy for all kinds of markets corresponding to manufacturing, warehouse, retail, hospitals, power, automotive, and aviation.”
On the finish of February 2025, Brainchip shared it was formally investigating redomiciling within the US following a strategic assessment by its Board. If it decides to go ahead with the transfer, the corporate would pursue itemizing on a US inventory trade, and de-list from the ASX and OTCQX.
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FAQs for AI shares
Which firm is main the AI race?
Google and Microsoft are battling it out for king of the AI hill. Whereas Goldman Sachs sees Alphabet’s Google as main the AI race, different analysts are pointing to Microsoft because the clear frontrunner. Microsoft stands to profit in an enormous means from its billions of {dollars} funding in OpenAI’s ChatGPT as developments in generative AI might have the potential to extend the corporate’s revenues for its Azure cloud computing enterprise.
Which nation is doing finest in AI?
North America is the worldwide hotspot for developments in AI know-how and is residence to nearly all of the world’s largest AI suppliers. Techopedia positions the US as the first hub for AI improvement, and lots of the world’s main tech giants are headquartered there. In keeping with the report, China is available in an in depth second.
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Securities Disclosure: I, Melissa Pistilli, maintain no direct funding curiosity in any firm talked about on this article.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
