5 Best Small-Cap AI Stocks

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In this article, we will be taking a look at the 5 best small-cap AI stocks. To read our detailed analysis of these stocks and the artificial intelligence sector, you can go directly to see the 10 Best Small-Cap AI Stocks.

5. Magic Software Enterprises Ltd. (NASDAQ:MGIC)

Number of Hedge Fund Holders: 7

Market Cap as of August 21: $869,220,000

Magic Software Enterprises Ltd. (NASDAQ:MGIC) is an IT company operating an integration platform for real-time AI and machine learning. The company provides proprietary application development, business process integration, vertical software solutions, and IT outsourcing software services in Israel and internationally.

In May, Magic Software Enterprises Ltd. (NASDAQ:MGIC) raised its 2022 annual revenue guidance to between $540 million and $550 million, versus the consensus estimate of just over $540 million. The company’s guidance shows expected annual growth of between 12.4% and 13.5%.

Seven hedge funds were long Magic Software Enterprises Ltd. (NASDAQ:MGIC) in the second quarter of 2022. Their total stake value was $15.6 million.

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