The COVID-19 pandemic has caused a lot of volatility in equity markets but Canadian AI stocks are among stocks that have returned a fortune to shareholders. With the crisis now seemingly over stocks have started showing an uptick and markets are moving higher. Here are some Canadian AI stocks investors should be keen on before their value explodes.
BlackBerry Among Canadian AI stocks to ride in the next decade
One of the Canadian AI stocks expected to explode in the next decade is BlackBerry Ltd (NYSE:BB). The company, through its Cylance division, uses AI to predict threats in systems, and since endpoint security is a massive potential industry the company is poised to dominate the market.
Equally, BlackBerry’s AI and QNX platforms have been at the center of the evolution of autonomous driving. Several legacy automobile companies could depend on BlackBerry in creating operating systems for autonomous vehicles which is also a multi-billion market.
Kinaxis enhances its RapidResponse platform with the acquisition of Rubikloud
Another AI stock that has been growing at the back of machine learning and AI development is the Ottawa-based supply chain Management Company, Kinaxis Inc. (TSX:KXS). In the last there months the stock has surged almost 96% and it among the AI stocks that have achieved profitability.
The company recently enhanced its RapidResponse platform with plans to acquire AI solutions company Rubikloud. Ribikloud offerings will enhance the demand planning capabilities of Kinaxis’ RapidResponse platform.
Docebo’s AI-powered learning solution vital for remote working
AI leveraging cloud company Docebo Inc. (TSX:DCBO) is another stock that has performed well this year. The stock is 233% up from its March lows and it is among stocks expected to explode in value going forward. Docebo operates in the learning management system industry and it uses AI to deliver, track, manage as well as document resources.
With remote working becoming a norm the company’s e-learning platform helps companies to train and teach clients from home. Its service has become valuable as there is growth in demand for remote working products.