3 Canadian AI Stocks To Watch In September 2026

The United States and China just agreed to a $30b tariff reduction and an official dialogue on artificial intelligence, which puts Canadian AI suppliers and partners in a brighter global spotlight. Capital is flowing toward the tools that power large models and cloud workloads. This article highlights three Canadian listed AI related stocks from our undervalued screener that could benefit if this cooperation drives broader adoption.

The three stocks below are only a sample, and the wider screen surfaced 0 additional AI related companies with equally detailed stories that are not covered here.

If you want to identify and analyze more potential beneficiaries of the AI shift, head straight into the Undervalued Artificial Intelligence/ AI Stocks screener.

Docebo (TSX:DCBO)

Overview: Docebo provides a cloud-based learning management platform that uses AI, including Harmony Search and analytics, to personalize and manage corporate training.

Operations: The business generates about $258.9 million from educational software, with revenue mainly from the United States at $174 million, plus Canada and the rest of the world.

Market Cap: CA$808 million

Docebo taps directly into the AI training theme by weaving tools like Harmony Search into everyday corporate learning workflows, which is exactly where many enterprises are experimenting with applied ChatGPT style technology.

"Rapid adoption of AI-driven features such as Harmony and Creati is positioning Docebo as an innovation leader, enabling enhanced personalization, automation, and productivity for customers; this supports long-term customer retention, upsell opportunities, and gross margin expansion."

Much of the long term upside for Docebo could hinge on how one unresolved pricing lever reshapes the economics of those AI tools.

That pricing lever is exactly where the story gets interesting for long term investors, and the full narrative for Docebo explains how AI monetization, competition and execution risk could all influence the trajectory.

Thinkific Labs (TSX:THNC)

Overview: Thinkific Labs runs a cloud learning commerce platform that lets creators and businesses build, sell, and manage AI assisted online courses and communities.

Operations: Thinkific Labs generates about $74.5 million from its cloud platform, with roughly $39.6 million from the United States, $24.6 million from the rest of the world, and $10.4 million from Canada.

Market Cap: CA$146 million

Thinkific Labs matters for this AI focused list because its learning platform is actively weaving generative tools into course creation, content workflows, and higher value enterprise offerings.

"The company is executing a strategic move upmarket, targeting larger businesses that require scalable online education and commerce solutions. This shift is expected to drive higher ARPU, increase enterprise contract sizes, and improve revenue growth as the business mix evolves."

What happens to Thinkific Labs' earnings profile if one planned improvement in efficiency quietly lifts margins faster than topline progress suggests?

That efficiency twist is exactly what the full narrative for Thinkific Labs unpacks. It reveals how margins, course creator economics, and enterprise demand could be quietly decoupling from headline revenue trends.

NowVertical Group (TSXV:NOW)

Overview: NowVertical Group runs AI driven data analytics and MLOps services that help enterprises operationalize machine learning and customer insight workloads.

Operations: The business generates about $38.2 million from analytics and data services, largely across Argentina, Brazil, the United Kingdom, and other international markets.

Market Cap: CA$15.2 million

NowVertical Group provides exposure to AI infrastructure through SnowGraph, predictive recommendations, and MLOps that help clients turn data into production workloads. The stock trades on a low P/S multiple and is unprofitable, so execution on new AI projects such as the Google Cloud expansion in Brazil could have a significant impact at a time when quiet funding pressure may become more important.

That kind of funding squeeze is exactly where the NowVertical Group financial health report could change how you see NowVertical Group’s runway and risk balance.

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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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