10 of the most traded ASX AI stocks revealed

Wholesale trading platform AUSIEX has crunched some data to name the 10 most traded AI stocks on the ASX over the June quarter and has seen a 30% increase in account numbers on the bandwagon over the past year. 

Different investors will categorise AI stocks in different ways and the technology is set to reinvent almost every task, in every role, across Australian business, so it's a broad church. 

And it's also no secret that every retail punter (and their grandmas) are joining the AI trade, so it's a popular space where you may end up overpaying or bag-holding if you don't know what you're doing. 

Still, the good thing about AUSIEX's list is that it includes popular small-caps that might be worth kicking the tyres on to see whether they're the real deal, or not. 

So in alphabetical order, here's the list with my views on these businesses, not those of AUSIEX. 

Top 10 traded AI stocks 

Appen Ltd (ASX: APX) users human labour to label and provide data for training AI models. It's been a rollercoaster as the stock went from $1 to $40 and back again in just a couple of years, on the expectation it would win from rocketing demand for AI, before crashing on worries its services would soon be automated. The stock fetched $1.16 on Wednesday and I'd pass on it. 

Brainchip Holdings (ASX: BRN) is a popular speculative play that claims to be developing cutting-edge computer chips. It's been around a while, with not much luck and given the $435 million valuation at 22 cents per share I'd avoid it - like the plague. 

Dicker Data (ASX: DDR) distributes hardware and software products with its founders still owning around 65% of the stock. Growth has been hard to come by since the pandemic-era boom, but the valuation is reasonable at around 17x estimated earnings per share. The dividend yield is also 5.5% assuming it pays 44 cents per share in the next 12 months on an $8 share price. The key will be whether it can grow margins and profits ahead. Please note, I own shares in this business. 

Fastbrick Robotics (ASX: FBR) has been knocking around the ASX boards for a while as it aims to market its Walls-as-a-service (WaaS) machine for bricklaying. I assume it claims it is WaaS as its robotic bricklayers use software to get the job done. I checked its latest quarterly cashflow statement and it definitely wasn't pretty, so I'd have to sit on the fence on this one. 

Macquarie Technology (ASX: MAQ) offers data centre and cloud services that facilitate AI workloads. It's the closest to a real deal winner from AI demand on the list yet, as there's no doubt demand for data centre capacity will soar in a growth sweet spot for investors. Brokers and fund managers are also lining up to call this business a buy, so it's worth a look. 

Megaport (ASX: MP1) provides network connectivity services that support AI applications requiring high-speed data transfer. It's another genuine beneficiary of rising demand for AI and popular with a lot of professional small-cap investors. The stock's yo-yoed as it invests heavily for growth to mean it's generally printed losses. It's fair to say professional investors are divided on its valuation, so while it could be a winner it's important to be cognisant of the risks. 

NextDC Ltd (ASX: NXT) is another operator of data centres necessary for AI processing and storage, therefore there's likely to be lots of demand for the capacity it offers. Brokers including Evans & Partners are keen on this business as it invests heavily for the future to meet that demand. The stock is down 18.4% over the past 12 months, although it could be a long-term opportunity if it delivers on its capital expenditure plans. 

Opyl Ltd (ASX: OPL) applies AI to improve clinical trials and support data driven capital allocation. It's a good story, but the company doesn't have any worthwhile revenues, according to its March quarter cashflow statement. It also had just $330,000 cash on hand as at March 31. Needless to say, it doesn't look like a sensible investment, given the thousands of other ways to invest in the AI boom. 

Straker Translations (ASX: STG) offers AI-powered language translation services, although the stock is down 20% over the past 12 months to 38 cents. It's guided for revenues to fall in financial 2025 which is hardly the hallmark of an AI growth star. It's also no secret that language translation services is a competitive space, and as such I'm inclined to give Straker a wide berth. 

Weebit Nano (ASX: WBT) develops AI-integrated memory solutions that it says can disrupt the semiconductor industry. It posted an operating cash flow loss of $16.8 million on sales of $3.16 million for the quarter ending March 31, 2025. It has a lot of cash on hand at $93.9 million, but looks very speculative given the financials. The market cap is a whopping $360 million versus very limited revenue, so I wouldn't punt on it myself. 

Overall, AUSIEX said Gen X traded the most in its AI sector basket accounting for 42% of all AI stock trades, with Baby Boomers at 41%. The three most traded stocks over the quarter were Appen, NextDC and Brainchip. 

Good luck out there!