7 Small Cap Stocks with the Highest Upside Potential

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6. Aeva Technologies Inc. (NASDAQ:AEVA)

Average Upside Potential: 52.28%

Aeva Technologies Inc. (NASDAQ:AEVA) is one of the small cap stocks with the highest upside potential. On March 31, the Georgia Department of Transportation/GDOT selected the Aeva CityOS intelligent transportation systems platform for a large-scale expansion across 30 new intersections in the greater Atlanta area. This decision follows a successful initial rollout near Centennial Olympic Park and the Georgia World Congress Center, a high-traffic pedestrian corridor.

The project represents one of the first significant implementations of LiDAR-powered intelligent infrastructure in a major US city, aimed at scaling AI-driven perception to improve urban mobility and roadway safety. The CityOS system uses Aeva Atlas Orion sensors powered by 4D LiDAR technology, which simultaneously measures 3D position and velocity. This allows for the precise real-time detection and tracking of vehicles, pedestrians, and cyclists regardless of lighting conditions, such as total darkness or direct sun glare.

Unlike traditional cameras or radar, this sensing method offers high spatial resolution while maintaining privacy by avoiding the collection of identifiable imagery. By integrating edge AI-powered perception and advanced analytics, the platform provides continuous awareness of intersection activity to support safety monitoring and traffic flow analysis.

Aeva Technologies Inc. (NASDAQ:AEVA) develops LiDAR sensing systems and perception software for autonomous and intelligent systems.

While we acknowledge the potential of AEVA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AEVA and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Small Cap Stocks with the Highest Upside Potential.

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