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3 AI Stocks Retail Investors Are Watching For Real World Software Growth

Simply Wall St · 1d ago

Artificial intelligence is moving from buzzword to core infrastructure for everything from chips and cloud to everyday software, and investors are watching closely as global data points on growth, inflation, energy and interest rates pull markets in different directions. The AI Stocks screener zeroes in on companies directly plugged into this ChatGPT and AI buildout, including semiconductors, large language models, cloud platforms and tools that help businesses automate and transform. In this article you will see three AI-related stocks from this screener, helping you focus on AI opportunities that fit today’s mixed but data rich market backdrop.

Docebo (TSX:DCBO)

Overview: Docebo is a Toronto based software company that provides a cloud learning platform, using AI tools like Harmony Search and AI Tutor to help organisations design, deliver, and analyse employee, customer, and partner training at scale.

Operations: Docebo generates all of its US$251.0 million in revenue from educational software, primarily in the United States (US$169.4 million), with smaller contributions from the Rest of World (US$68.1 million) and Canada (US$13.5 million).

Market Cap: CA$625.7 million

Investors watching the AI buildout in real business workflows may consider Docebo, as its learning platform is closely linked to AI features that aim to personalise training and cut admin work while serving mid market and enterprise clients. Reported earnings growth has been strong, earnings forecasts currently published by analysts imply further gains, and the stock trades on a P/E that is below many software peers, which can appeal to value focused investors. At the same time, high debt levels, negative equity and recent one off losses introduce financial risk, and monetisation of new AI tools is not yet proven. How those factors develop could influence the investment case more than the headline revenue guidance upgrades that are already widely reported.

Docebo’s AI driven training story sits at the intersection of strong reported earnings growth and a P/E that undercuts many software peers, but the real twist shows up inside the 4 key rewards and 3 important warning signs (1 is major!)

TSX:DCBO P/E Ratio as at Jul 2026
TSX:DCBO P/E Ratio as at Jul 2026

Kinaxis (TSX:KXS)

Overview: Kinaxis is an Ottawa based software company that sells a cloud platform called Maestro, which uses AI to help large manufacturers and consumer brands plan and manage complex supply chains, from demand forecasting and inventory to transportation and returns.

Operations: Kinaxis generates US$580.8 million from its supply chain management software and services, with revenue largely coming from the United States (US$325.8 million) and Europe (US$190.5 million), plus smaller contributions from Asia (US$58.0 million) and Canada (US$6.6 million).

Market Cap: CA$4.18b

Kinaxis may be worth a closer look if you are interested in AI that directly supports real world operations rather than pure research or infrastructure. Its Maestro platform is being adopted by global companies such as MANE, ScottsMiracle Gro and Tesa to support real time planning, with reported earnings currently supported by a 14.5% net margin and a return on equity of about 21.5%. Analysts currently project double digit revenue growth and see meaningful upside to their price targets. However, the stock trades on a higher P/E than the broader software sector and relies entirely on external borrowing for funding, which adds risk. Regulatory pressures, tougher competition and reliance on partners could also affect growth, so understanding how those trade offs fit your expectations is important.

Kinaxis pairs real time supply chain AI with a 14.5% net margin and a return on equity near 21.5%, yet the higher P/E raises questions. Get the fuller story in the analysis report for Kinaxis

TSX:KXS P/E Ratio as at Jul 2026
TSX:KXS P/E Ratio as at Jul 2026

Quantum eMotion (TSXV:QNC)

Overview: Quantum eMotion is a Montreal based cybersecurity company that builds quantum based hardware and software to secure data and encryption, supplying quantum random number generation and quantum safe platforms for sectors such as AI data centers, blockchain, defence, healthcare and finance.

Market Cap: CA$741.5 million

Quantum eMotion is an early stage way to get exposure to quantum secure cybersecurity for AI and cloud, with products like eShield-Q and partnerships aimed at embedding its tech into energy storage systems, data centers and a universal security chip. Forecast revenue growth is described as very large off a tiny base; however, the company is still loss making, earnings are expected to decline over the next few years, and the P/B multiple is far above sector and industry averages. All funding comes from external borrowing and insiders have recently been selling. If you are weighing up whether that mix of fast growing commercial ties and meaningful financial risk could fit your AI portfolio, the full risk reward breakdown is essential context.

Quantum eMotion’s fast growing commercial ties and rich quantum story are only half the picture. The real tension between future potential and present risk sits inside the 1 key reward and 4 important warning signs (2 are major!)

TSXV:QNC P/B Ratio as at Jul 2026
TSXV:QNC P/B Ratio as at Jul 2026

The three stocks in this article are only a starting point, and the full Artificial Intelligence/ AI Stocks screener surfaces 29 more companies with AI stories that could be just as compelling. Use Simply Wall St to identify, analyze and filter for the specific catalysts and narratives that matter to you so you can focus on the highest conviction AI plays across chips, cloud, LLMs and enterprise transformation.

Take Control of Your Investment Journey

If Quantum eMotion or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.