3 Australian AI Stocks To Own In November 2026

AI data centres now need huge amounts of reliable power, as shown by Anthropic’s recent multi billion dollar deal for gas fired generators. That scramble for electricity highlights how deeply AI is moving into real world infrastructure. Australian small cap AI stocks tied to software, automation or data could benefit if this spending ripple spreads. This article profiles three such opportunities from our specialist screener.

The stocks profiled below are just a starter pack, and the full screen surfaced 7 more small cap AI companies with equally compelling stories that are not covered here. If you want to go straight to the source and identify, compare, and analyze potential high conviction ideas, head into the AI Small Caps screener.

Pureprofile (ASX:PPL)

Overview: Pureprofile runs AI-enabled data and insights platforms like Datarubico that help brands and agencies run online research and understand audiences.

Operations: Pureprofile generates A$65 million from Data & Insights services, primarily across Australasia, Europe and the United States.

Market Cap: A$41 million

Pureprofile matters for an AI-focused watchlist because its Datarubico engine turns raw survey responses and social signals into machine-learning ready insights for paying clients.

"Strong early momentum in new AI and automation driven platform solutions such as Datarubico, Insights Creator and Sample Only is now visible in platform revenue of $8.8m in Q1 FY27, which was 48% of group revenue and more than double the prior year period."

The real swing factor for Pureprofile is how that expanding platform mix interacts with one underappreciated pressure on future margins.

That pressure point is exactly where the story gets interesting, and the full narrative for Pureprofile explains how Pureprofile’s AI push could either compound or relieve that margin squeeze.

Dicker Data (ASX:DDR)

Overview: Dicker Data distributes AI-focused and broader IT hardware, software, cloud and security solutions to enterprise and commercial customers across Australia and New Zealand.

Operations: Dicker Data generates about A$2.7b from wholesale computer peripherals, with roughly A$2.4b in Australia and A$373 million in New Zealand.

Market Cap: A$2.6b

Dicker Data matters for this AI Small Caps screen because it supplies the Copilot+ PCs, AI ready servers and data centre gear that enterprises actually use to run machine learning workloads.

"Expansion into AI infrastructure and solutions, including ongoing delivery of large data centre and AI projects with AI related revenue expected to reach between A$100m and A$150m in FY26, supports a view that Dicker Data can keep building advanced solutions revenue and gross profit dollars even where individual project margins are below the group average."

The real tension for Dicker Data is what happens to earnings quality if one unseen pressure on project level profitability intensifies.

If that risk is what you care about, the full narrative for Dicker Data shows how Dicker Data’s AI projects could help maintain earnings quality rather than see it quietly erode.

Data#3 (ASX:DTL)

Overview: Data#3 is an Australian IT solutions provider that helps enterprises deploy cloud, security and Microsoft 365 Copilot and AI driven analytics.

Operations: Data#3 generates about A$553 million from Infrastructure Solutions, A$276 million from Services and A$78 million from Software Solutions, almost entirely in Australia.

Market Cap: A$2.2b

Data#3 matters for an AI Small Caps watchlist because its Copilot rollouts and AI solutions are embedded in wider IT projects for large enterprise and government customers.

"Investor focus on AI related offerings such as Azure, Copilot and AI ready infrastructure, which together recorded very large growth in FY26 and are now backed by a new AI practice and delivery squads, increases the risk that current valuation assumes sustained step ups in gross sales and earnings before these projects have fully scaled."

What really counts for Data#3 is how a single shift in client appetite for deeper AI deployments filters through to long term margins.

That margin question is exactly where the full narrative for Data#3 shows how Data#3’s AI work could turn today’s enthusiasm into sustained earnings power with less volatility.

Seeking Fresh Alternatives Before Others?

Markets move fast and the next breakout ideas often stay under the radar for now. Scan these fresh lists before momentum is fully caught by the crowd, and consider them early.

• Spot potential turnaround stories with healthier balance sheets by scanning the list of solid balance sheet and fundamentals (12 results) while that mix of resilience and value still flies below most investors’ screens.
• Seek strong cash returns by checking the 5 dividend fortresses before income hunters crowd into the same high yielding, steady payers and reduce your starting yield.
• Position ahead of the next infrastructure cycle by reviewing the 41 power grid technology and infrastructure stocks while demand for grid upgrades and electrification stories is still quietly building.

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