It's easy to beat yourself up if you missed the rally in AI darling Nvidia. But plenty of AI stocks remain undiscovered.
Shares of nine stocks in the Solactive Artificial Intelligence Total Return Index — including Gorilla Technology, Mobileye Global and Kforce — are still down 20% or more from the end of 2022, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. The end of 2022 kicked off the biggest push in AI stocks.
A lagging AI stock now is like the cool kid not getting invited to the biggest party in the neighborhood. Shares of Nvidia from late 2022 are up 1,146%. In fact, the 44 members of the index with trading history going back to at least 2022 are up an average of 306%.
But do some of these undiscovered AI stocks represent a big opportunity?
GRRR! Gorilla Misses Rally
Taiwan-based Gorilla is the most left-out stock of the bunch. Shares of the AI player are down nearly 80% from the end of 2022. And GRRR stock is off 7% this year.
But for Gorilla, it's really a case of overenthusiasm at the start spilling over. The company went public in mid-2022, and shares took off immediately. They're just adjusting to reality. In fact, the stock still carries a perfect RS Rating of 99.
Plus, analysts think the company will turn a profit of 75 cents a share this year. Profit is seen growing an additional 49% in 2026.
Others Left Out, Too
Gorilla, though, isn't alone in being shunned from the AI stock party. Shares of Mobileye and Kforce are down 62% and 44%, respectively, from the end of 2022. Both are also down more than 30% just this year.
Mobileye sports an RS Rating of just 15. It's a player in the self-driving-car market. And that market is heating up with competition from larger firms like Alphabet and Tesla. Mobileye, though, is profitable and growing. Analysts call for a 36% jump in profit this year.
Things aren't as rosy at tech staffing firm Kforce. Ironically, AI is replacing technical jobs. Analysts think profit will fall 22% this year. The stock's RS Rating is just 6.
Not all these AI left-behinds will catch up. But presumably some might, and Nvidia stakeholders know what that means for your portfolio.
AI Stocks Waiting Their Turn
Solactive Artificial Intelligence Total Return Index stocks that are down the most from Dec. 31, 2022
| Company | Symbol | Price change |
|---|---|---|
| Gorilla Technology | GRRR | -79.2% |
| Mobileye Global | MBLY | -61.5% |
| Kforce | KFRC | -43.4% |
| PROS Holdings | PRO | -41.9% |
| NICE | NICE | -25.6% |
| Baidu | BIDU | -24.8% |
| Intel | INTC | -21.8% |
| Ambarella | AMBA | -21.7% |
