2020 BRN Discussion, page-23113

AI stocks

While there is a substantial gap between the best and the worst, AI stocks are up 86 per cent in 2020 similar to cybersecurity stocks.

Here’s a list of ASX AI stocks and their performance in 2020

ALC	Alcidion Group Ltd	0.18	4	$178.3M
BID	Bill Identity Ltd	1.13	37	$188.3M
BRN	Brainchip Ltd	0.325	674	$509.2M
BTH	Bigtincan Hldgs Ltd	1.12	74	$442.2M
CM8	Crowd Media Limited	0.049	133	$26.3M
FGO	Fargo Enterprises	0.003	100	$3.6M
GOO	Gooroo Ventures Ltd	0.057	0	$8.5M
LBT	LBT Innovations	0.115	-32	$33.2M
LNU	Linius Tech Limited	0.05	85	$82.7M
LVT	Livetiles Limited	0.23	-8	$207.5M
M7T	Mach7 Tech Limited	1.21	78	$284.0M
MEB	Medibio Limited	0.009	-16	$10.8M
PX1	Plexure Group	1.00	0	$172.4M
RLG	Roolife Group Ltd	0.024	-32	$13.3M
SP3	Specturltd	0.076	-24	$7.9M
VHT	Volpara Health Tech	1.38	-22	$332.6M
WBT	Weebit Nano Ltd	2.07	405	$232.7M

Most stocks have AI solutions which are integrated into a flagship product.BrainChip(ASX:BRN), however, has AI technology as its flagship product.

Its technology ‘BrainChip Studio’ has the ability to process millions of images in seconds for facial and object recognition – all without a central hub and even with low quality footage.

It is currently working on developing its AkidaTM neuromorphic-system-on-a-chip (NSoC) that will see its unique machine learning technology deployed on something as small as a chip.

Shares went on a famous run earlier this year when it announced a tie up withVORAGO, a US tech business, to develop products suitable for space exploration.

The other multi-bagger in 2020 is semiconductor stockWeebit Nano (ASX:WBT)which is making chips strong enough to meet demanding AI applications.