Docebo And 2 Canadian AI Stocks To Own

OpenAI’s decision to halt training of its latest AI models on safety grounds has reminded investors that artificial intelligence is powerful, costly and highly dependent on a small group of key suppliers. That mix of excitement and caution can leave some Canadian AI related stocks overlooked. This article highlights three ideas from an undervalued Canada based AI opportunity screen that filters for companies tied directly to chips, software and cloud infrastructure.

The three Canadian AI stocks below are just a small sample from a wider screen, which surfaced 0 more companies with similarly detailed stories around chips, software and cloud infrastructure that are not covered in this article. To identify and analyze those additional opportunities directly involved in the ChatGPT and broader AI build out, head straight into the Undervalued Artificial Intelligence/ AI Stocks screener.

Docebo (TSX:DCBO)

Docebo runs a cloud based learning platform that uses AI tools such as Harmony Search to personalize corporate training, with all of its $258.9 million in revenue coming from educational software and a current market value of about CA$808 million.

Docebo gives the AI theme real-world footing in corporate training, where machine learning, natural language processing and cloud delivery turn learning content into something closer to a living system than a static course catalogue.

"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."

What ultimately matters is how one quiet shift in customer buying behaviour shapes the economics behind those AI features.

That quiet shift is the real story, and the full narrative for Docebo shows how it could accelerate or stall Docebo’s AI driven training ambitions.

Thinkific Labs (TSX:THNC)

Thinkific Labs runs a learning commerce platform that blends course hosting, communities, AI tools and payments, with all $74.5 million in revenue coming from its cloud-based software services and a market value of about CA$146 million.

Thinkific Labs taps directly into the AI education theme by using generative tools to speed up course creation and personalize learning, which is where the interest from this screener really begins to get practical for investors.

"Deep integration of artificial intelligence into both customer-facing features and internal operations is accelerating product development and enabling personalized, data-driven learning experiences. This is supporting product differentiation and enhancing customer retention, which is positive for recurring revenue and net margins."

What matters next for Thinkific Labs is how one quiet shift in where new customers come from affects both pricing power and long term profitability.

That shift in customer mix is exactly what the full narrative for Thinkific Labs unpacks, showing how Thinkific Labs could see earnings power decouple from headline subscriber trends.

NowVertical Group (TSXV:NOW)

NowVertical Group is a Toronto based data and analytics firm that leans into the AI theme through services like artificial intelligence, data science, predictive recommendations and MLOps support. It generated about $38 million from operations and has a market value near CA$15 million.

NowVertical Group plugs directly into AI transformation with products like NOW SnowGraph, predictive recommendations and MLOps/DataOps services that help enterprises run LLM powered personalization at scale. The stock screens as cheap on P/S versus software peers. Future returns hinge on how one unseen funding pressure shapes that AI rollout.

That funding squeeze is exactly why the 3 key rewards and 1 important major warning sign could be worth a look for understanding how NowVertical Group’s AI ambitions and financing risk intersect.

Seeking Alternatives Before The Crowd?

Fresh opportunities can move quickly. Some are building breakout momentum, while others are still flying under the radar for now. Avoid chasing late moves and consider taking action in a timely, thoughtful way.

• Identify cash rich operators that could remain resilient if weaker balance sheets come under pressure by scanning the list of solid balance sheet and fundamentals (7 results).
• Explore potential sector momentum with a curated mix of miners and producers by checking the 36 elite gold producer stocks.
• Focus on early stage compounding stories with real earnings power instead of hype by reviewing the 37 profitable AI stocks that aren't just burning cash.

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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