Key takeaways
- True AI stocks develop and own artificial intelligence technologies.
- The ASX has just a handful of AI stocks but it's an emerging industry.
- ASX AI companies expected to benefit from the rise of AI include Appen, BrainChip and NextDC.
Artificial intelligence (AI) stocks represent one of the fastest growing sectors on the Australian market.
Today there are over 600 AI companies headquartered in Australia and foreign investment into local AI technologies has reached over $7 billion.
However, AI is still very much in its early days in Australia. While several tech companies are involved in AI projects, there are very few pure-play AI stocks on the ASX.
What are AI stocks?
It seems like every day a different company is announcing a new AI project. Unfortunately, all the hype around AI makes it difficult to discern true AI stocks from companies that simply use AI as a marketing tool.
Generally speaking, AI stocks are public companies that are heavily involved in artificial intelligence-related projects. If a company builds, owns and makes most of its money from AI technologies, then it's a true AI stock.
If a company simply uses AI features, especially from third-party providers, it may just be AI-enabled. Whether these types of companies can be classified as 'AI stocks' is largely subjective.
The best ASX AI stocks
There are only a handful of pure-play AI stocks globally, and fewer still in Australia. Many of the Australian firms working on AI are small or micro-cap start ups and so can be on the riskier side for investors.
For our list of ASX AI stocks, we've included companies that primarily build AI technology or have distribution rights to AI products.
The following stocks represent some of the biggest and most well known companies listed on the ASX that are primarily involved in or prioritising work on AI projects.
We used ChatGPT to help review whether each company develops AI tech, owns AI tech and sources revenue primarily from AI projects.
The best performing ASX-listed AI stocks
Ticker Code | Company Name | 1-Year Performance (to 26 Feb, 2025) |
---|---|---|
APX | Appen | 357% |
AYA | Artrya Limited | 130% |
AIM | AI-Media Technologies | 95% |
BTH | Bigtincan Holdings | -9% |
NXT | NextDC Limited | -10% |
1. Appen (ASX: APX)
One of Australia's most well known tech stocks, Appen provides data for machine learning and artificial intelligence.
In 2023, it teamed up with Nvidia to integrate its services into the Nvidia AI Enterprise platform. The partnership aims to help businesses build custom AI models that fit their needs and brand.
Appen is also working on several AI projects such as a new suite of language model data products and a partnership with the AI company, Reka AI.
- Develops AI Technology: Yes, Appen specialises in creating AI training data and language models.
- AI-Driven Revenue: Yes, its primary income is from AI data services.
- Owns AI Technology: Yes, Appen develops proprietary AI tools and platforms.
2. BrainChip Holdings (ASX: BRN)
BrainChip Holdings is one of the only pure-play AI stocks on the ASX.
It develops both software and hardware for artificial intelligence (AI) and machine learning applications for companies globally. Essentially it makes computer chips that are designed to mimic the human brain.
BrainChip's primary focus is its Akida Neuromorphic Processor technology, designed for edge computing -- meaning it can process on-device data without an internet connection.
In 2022, BrainChip entered into commercial agreements with leading semiconductor companies Renesas and MegaChips to integrate the Akida technology into their product lineup.
- Develops AI Technology: Yes, BrainChip creates AI hardware, notably the Akida Neuromorphic Processor.
- AI-Driven Revenue: Yes, revenue is centered on its AI processors.
- Owns AI Technology: Yes, it owns its AI chip designs and technology.
3. Dubber (ASX: DUB)
Dubber is an Australian company that provides call recording and voice intelligence cloud solutions worldwide.
It offers several applications including Dubber You, a tool to search, play, edit, organise, and share conversations from any device. It also offers Dubber Compliance for compliance teams and managers and Voice Intelligence Cloud platform.
Dubber's clients include enterprises, small and medium businesses, financial services, government, education, healthcare, and legal sectors, as well as for service and solution providers.
- Develops AI Technology: No, Dubber offers cloud-based call recording services.
- AI-Driven Revenue: Partially, it uses AI for transcription and analysis but isn't primarily AI-driven.
- Owns AI Technology: No, it integrates third-party AI for its services.
4. Unith Ltd (ASX: UNT)
Previously known as Crowd Media Holdings, Unith Ltd specialises in creating AI-powered avatars that can engage with customers in real-time.
Their proprietary Digital Human Platform lets businesses create interactive virtual assistants for use in sales, customer service and training.
- Develops AI Technology: Yes, its Digital Human Platform is powered by conversational AI.
- AI-Driven Revenue: Yes, its primary revenue streams come from their AI solutions.
- Owns AI Technology: Partially, collaborates on AI developments but also uses external AI solutions such as ChatGPT.
5. Next DC (ASX: NXT)
Data centre operator NEXTDC operates over a dozen facilities around the world. The company specialises in cloud computing services and has in recent years focused on incorporating AI workflows as part of its infrastructure.
In 2024, Next DC became certified to offer Nvidia AI infrastructure for its data centres, giving the company a leg up over competitors.
NEXTDC is currently expanding its footprint across the Asia-Pacific region, aiming to meet the surging demand for AI-driven data services.
- Develops AI Technology: No, operates data centres.
- AI-Driven Revenue: No, revenue is from data centre services.
- Owns AI Technology: No, provides infrastructure that supports AI workloads but doesn't develop AI tech.
6. AI-Media Technologies (ASX: AIM)
AI-Media provides AI-powered captioning and translation services for video and broadcast operators in Australia and overseas.
AI-Media's standout product is its real time speech to text AI-enhanced platform, which is used by clients including Seven Network, Foxtel and Sky News.
Although AI-Media leverages AI to enhance its products, it primarily applies existing third party AI solutions. It doesn't actually develop AI models like OpenAI, Appen or BrainChip.
- Develops AI Technology: No, offers AI-powered captioning services.
- AI-Driven Revenue: Yes, revenue comes from AI-enhanced services.
- Owns AI Technology: No, primarily uses third-party AI solutions.
7. Bigtincan Holdings (ASX: BTH)
Bigtincan has developed an AI-driven sales platform that aims to improve customer engagement and sales efficiency.
In January 2025, Bigtincan announced the release of GenieAIâ„¢ Pro, a suite of tools that includes AI assisted podcasting, voice to text, translation and AI-run presentation and training sessions.
Bigtincan Holdings combines its own AI developments alongside third party integrations to deliver its AI enhanced platform.
- Develops AI Technology: Yes, develops AI-driven sales platforms.
- AI-Driven Revenue: Yes, revenue is from its AI-enhanced sales solutions.
- Owns AI Technology: Partially, combines proprietary AI developments with third-party integrations.
8. Dicker Data (DDR)
A distributor of hardware, software, and cloud services that help companies analyse large volumes of data, especially useful in AI and deep learning applications.
Dicker Data has exclusive rights to distribute Nvidia products across the ANZ region, providing AI software and hardware solutions. In early 2025, Dicker Data also announced the distribution rights for AI data platform Vast Data across ANZ.
- Develops AI Technology? No. While it provides AI-related products from vendors like BMC Software and Vast Data, it does not develop its own AI technologies.
- AI-Driven Revenue? No. The company's revenue stems from distributing a wide range of IT solutions. Although it offers AI-enabling products, these are part of a broader portfolio, and AI-specific products do not constitute the majority of its income.
- Owns AI Technology? No. Dicker Data distributes AI solutions developed by other companies but does not own proprietary AI technologies.
9. Artrya Limited (ASX: AYA)
Artrya is an Australian medical technology company that has developed and patented an AI-powered platform designed to detect coronary artery disease.
A relatively new micro-cap stock, Artrya was listed on the ASX in 2021.
- Develops AI Technology? Yes. Artrya has developed Salix Coronary Anatomy, an AI-powered software that can detect coronary artery disease.
- AI-Driven Revenue? Yes. Artrya’s primary business model is based on selling its AI-powered diagnostic software to healthcare providers.
- Owns AI Technology? Yes. Artrya develops and owns its AI models, rather than licensing external AI solutions.

"Financial health and stability should be the first consideration for any investor when selecting AI stocks... There are 3 key measures to analyse; 1) revenue growth should be consistent and strong, 2) the balance between innovation and profitability, and 3) low debt-to-equity ratios to ensure the company can service debt levels."
What about AI ETFs on the ASX?
If you'd prefer to invest in a whole portfolio of companies involved in artificial intelligence, you could invest in an AI themed exchange traded fund (ETF) listed on the ASX.
This is a safer choice than investing in 1 or 2 companies because if any one company fails they're supported by others in the portfolio.
To date, there are at least 4 ASX ETFs that have exposure to artificial intelligence. It's worth noting, while they're listed on Australia's stock exchange, they primarily hold international AI stocks, rather than ASX-listed stocks.
Make sure to do your research and check out their stock holdings before you invest.
What are the top global AI stocks?
Relatively speaking, Australia is a small fry compared to AI powerhouses overseas. Many companies paving the way for AI are headquartered in the US and China.
You'll notice that many of the big names in artificial intelligence are household name technology stocks. This is because these tech giants are investing in AI by partnering with smaller dedicated start ups or developing its uses within their products and services. For instance, Microsoft is now recognised as a leading AI stock after it partnered with ChatGPT's parent company OpenAI.
Below are some of the biggest companies leading the way in the field of artificial intelligence.
Buy AI stocks and ETFs with an online trading platform
To invest in ASX-listed AI stocks or ETFs from Australia, you'll need to sign up to a share trading platform.
Make sure to choose a platform that offers the full Australian market. For instance, some online trading platforms like Betashares Direct only hold the S&P/ASX300 index, the 300 biggest companies on the ASX. Since many ASX AI stocks are small-caps, you'll need a platform that offers both small/micro-cap stocks as well as the large-caps.
Platforms that offer ASX micro-cap stocks include Tiger Brokers, Moomoo, CMC Invest, Webull and CommSec.
You can compare your options in the platform below.
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