Artificial intelligence (AI) is transforming numerous industries, and investor interest in AI shares has surged accordingly. The wholesale trading platform AUSIEX has compiled data revealing the 10 most traded AI stocks on the Australian Securities Exchange (ASX) for the June quarter. Over the past year, the platform noted a 30% increase in account numbers participating in AI stock trades.
The list includes Appen (APX), which uses human labor to label and provide data for training AI models, and Brainchip Holdings (BRN), which claims to be developing advanced computer chips. Dicker Data (DDR) distributes hardware and software products and may be worth considering if it can improve margins and profits. Fastbrick Robotics (FBR) is known for its Walls-as-a-service (WaaS) machine for bricklaying, while Macquarie Technology (MAQ) offers data center and cloud services that support AI workloads.
NextDC (NXT) provides network connectivity services essential for AI applications requiring high-speed data transfer. Redefine Properties (RDF) operates data centers necessary for AI processing and storage, and Resonance Health (RHT) applies AI to improve clinical trials and support data-driven capital allocation.
Top 10 ASX AI stocks
Straker Translations (STG) offers AI-powered language translation services, and Weebit Nano (WBT) develops AI-integrated memory solutions with the potential to disrupt the semiconductor industry. AUSIEX found that Generation X accounted for 42% of all AI stock trades, with Baby Boomers close behind at 41%. The top three most traded stocks over the quarter were Appen, NextDC, and Brainchip.
Investors looking for exposure to the AI boom have several options on the ASX. The Betashares Global Robotics and Artificial Intelligence ETF provides access to a global portfolio of companies that are leaders in robotics and artificial intelligence. Megaport Ltd is a leading provider of Network as a Service (NaaS) solutions, facilitating on-demand connectivity between businesses and cloud service providers.
NextDC is a fast-growing data centre operator scaling up to meet booming demand for high-performance computing, driven in part by AI and cloud services. These companies represent some of the most compelling opportunities for investors looking to capitalise on the AI revolution in the Australian market. However, investors are encouraged to perform their own research and consider their financial situation before investing.
A seasoned technology executive with a proven record of developing and executing innovative strategies to scale high-growth SaaS platforms and enterprise solutions. As a hands-on CTO and systems architect, he combines technical excellence with visionary leadership to drive organizational success.
