"When it comes to artificial intelligence, a handful of publicly traded companies tend to dominate the discussion. Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla get the lion's share of the attention - and deservedly so. But dig a little deeper and you'll find a host of other companies laying the groundwork for the next layer of AI disruption."
"Futurum Equities, a new division of the tech research company Futurum Group, has compiled a list of disruptors, who despite not being among Wall Street's vaunted Magnificent 7, are making waves in the AI world. Rankings were derived using a proprietary algorithm that examines both the company's current state and its expected future trajectory. All of Futurum's picks - an evolving list, the company notes - are publicly traded."
"Here's a look at the companies Futurum says are worth watching. Futurum gave the semiconductor developer and manufacturer, which it dubs "the glue holding the AI infrastructure together," top marks, citing a recent $10 billion deal, widely believed to be with OpenAI to provide custom AI chips or XPUs. "Broadcom isn't just supplying parts" but is "becoming the toll collector across silicon, networking, and software,," researchers wrote."
A ranked list highlights publicly traded companies outside the Magnificent Seven that are advancing AI infrastructure and applications. The ranking uses a proprietary algorithm evaluating current performance and projected trajectory. Broadcom received top marks after a recent $10 billion deal widely believed to involve providing custom AI chips or XPUs, and it is described as central across silicon, networking, and software. Taiwan Semiconductor recorded 34% year-over-year sales growth in August and an increasing share of AI-driven revenue, positioning it as a vital foundry for advanced silicon. Palantir reported revenues topping $1 billion this quarter and remains deeply embedded with government customers.
Read at Fast Company
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