While megacaps dominate AI headlines, these nine smaller companies offer targeted exposure to edge computing, data infrastructure, and vertical AI applications at more reasonable valuations.

The artificial intelligence (AI) gold rush has minted trillion-dollar giants and thousands of money-losing start-ups, but the smartest money might be in the middle. Between Nvidia 's nosebleed valuation and pre-revenue AI ventures lies a collection of profitable companies with real products, real customers, and market caps under $23 billion.

From edge chip design to Internet of Things (IoT) platforms, these nine under-the-radar AI stocks offer targeted exposure to AI's practical applications. Here's a brief rundown of each stock's core value proposition and key risks.

The edge AI architect

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