3 AI Software Stocks Retail Investors Are Watching For Growth

Artificial intelligence is playing a significant role across markets as central banks weigh inflation, energy swings and uneven global growth. That mix is pushing some investors toward companies directly tied to the ChatGPT and AI build out. The AI Stocks screener focuses on businesses at the core of this shift in semiconductors, software, large language models, ChatGPT infrastructure, cloud and digital transformation. Instead of trawling through hundreds of tickers, you get a focused starting universe aligned with this theme. In this article, you will see 3 candidates from that screener for further research.

Docebo (TSX:DCBO)

Overview: Docebo is a Toronto based company that provides a cloud learning platform, helping organizations deliver, personalize, and analyze training for employees, customers, and partners using tools like AI powered search, content creation, analytics, and integrations with systems such as Salesforce and Microsoft Teams.

Operations: Docebo generates all of its CA$251.0 million revenue from educational software, with around CA$169.4 million from the United States, CA$68.1 million from the rest of the world, and CA$13.5 million from Canada.

Market Cap: CA$666.8 million

Docebo sits at the intersection of AI and corporate learning, using tools like Harmony Search, AgentHub and an AI Tutor to turn company knowledge into personalized training while targeting governments, enterprises and mid market customers. Earnings grew 49.4% over the past year and analysts see solid revenue and earnings growth. The stock trades on a P/E of 13.8x and below one DCF estimate of fair value, which may interest value focused AI investors. The flip side is meaningful balance sheet risk, including high debt and negative equity, plus unproven monetization of its AI features and exposure to large clients. For investors willing to weigh that trade off, Docebo offers a focused way to gain exposure to AI powered workplace learning.

Docebo’s 49.4% earnings growth and 13.8x P/E raise an obvious question: is the market mispricing this AI learning platform once you factor in its balance sheet pressure and client concentration in the 4 key rewards and 3 important warning signs (1 is major!)

Kinaxis (TSX:KXS)

Overview: Kinaxis is an Ottawa based company that provides cloud based, AI infused software that helps large manufacturers and brands plan and manage their supply chains in real time, from demand forecasting and inventory to transportation and returns.

Operations: Kinaxis generates all of its $580.81 million revenue from supply chain management software and services, with $325.77 million from the United States, $190.47 million from Europe, $58.00 million from Asia, and $6.57 million from Canada.

Market Cap: CA$4.2b

Kinaxis attracts attention because its Maestro platform sits at the center of AI driven supply chain planning, with recent wins at groups like MANE, ScottsMiracle Gro and Tesa SE reinforcing its role in complex global operations. Earnings growth has been very strong, margins have improved to 14.5%, and analysts see room for further upside while the stock trades below at least one DCF estimate of fair value. At the same time, dependence on partners, rising competition from large software players and ongoing R&D and compliance costs mean execution needs to stay tight. For AI focused investors, the key question is whether that mix of quality earnings, recurring SaaS revenue and sector risks is adequately reflected in today’s price.

Kinaxis has accelerating earnings, improving margins and a stock price that some investors think lags that progress. Before you decide how that gap closes, review the analyst forecasts for Kinaxis to see what the market might be missing.

Quantum eMotion (TSXV:QNC)

Overview: Quantum eMotion is a Montreal based cybersecurity company that builds quantum based hardware and software designed to secure data, digital assets and connected devices, with products such as quantum random number generators and quantum safe encryption platforms used across blockchain, AI, healthcare, finance and defense applications.

Market Cap: CA$873.1 million

Quantum eMotion sits where quantum security meets AI and critical infrastructure, with products like eShield-Q, eFlux-Q and QRNG based modules being integrated into AI data centers, battery energy storage systems and a planned quantum resilient security chip platform. Forecast revenue growth is very large from a tiny base, which gives the story leverage, but the company is still loss making, earnings are expected to decline over the next few years and the P/B multiple is high versus peers. Together with external borrowing, small scale and recent insider selling, this highlights a clear risk profile. At the same time, recent partnerships and board additions indicate a company aiming to turn cutting edge technology into commercial traction that some investors may monitor closely.

Quantum eMotion’s quantum security story is accelerating from tiny revenue roots, yet the real puzzle is how that risk heavy profile could evolve in the analyst forecasts for Quantum eMotion and what that might quietly signal for AI infrastructure investors

The three AI stocks in this article are just a starting point, as the full Artificial Intelligence/ AI Stocks screener surfaces 29 more companies with equally compelling stories tied directly to chips, software, LLMs, ChatGPT and cloud infrastructure. Use Simply Wall St to identify and analyze the exact catalysts and narratives that matter to you, so you can focus on the AI opportunities that best match your own views and priorities.

Take Control of Your Investment Journey

If Quantum eMotion or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Alternatives Before Momentum Flies Past?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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