Best ASX Listed AI Stocks

ASX AI Stocks have gained investor interest because artificial intelligence adoption is rising across industries.
As global AI spending increases, the following ASX AI Stocks are well positioned to benefit from higher demand for advanced computing power and AI driven business solutions.

Appen Limited (ASX: APX)

Appen Limited (ASX: APX) reported a strong FY25 result which supports its place among top ASX AI Stocks as demand for generative AI and large language model projects pick up pace.

The company in FY25 reported underlying EBITDA before FX of $12.2 million which was up 251% because of higher margins and execution of about $10 million in annualised cost efficiencies.

Appen China stood out during the year. Revenue jumped 75% to $102.9 million while underlying EBITDA rose to $10.6 million because LLM related projects expanded quickly.

The company finished FY25 with a cash balance of $59.8 million while management guided FY26 revenue between $270 million and $300 million with an underlying EBITDA margin of about 5% to 10% which shows confidence in further AI led growth.

As AI adoption rises across consumer and enterprise markets, Appen remains one of the top ASX AI Stocks to watch because it will benefit from global growth in foundation models and data focused AI development.

NEXTDC Limited (ASX: NXT)

NEXTDC Limited (ASX: NXT) reported a strong 1H26 result which shows its solid position among ASX AI Stocks as Total revenue increased 13% to $231.8 million.

Underlying EBITDA moved up 9% to $115.3 million because billing utilisation improved and reached 119.8MW which is 29% higher than before.

Contracted utilisation jumped 137% to 416.6MW while the forward order book grew to 296.8MW which is expected to convert into future revenue over the coming years.

Management reaffirmed FY26 guidance for net revenue between $390 million and $400 million and underlying EBITDA of $230 million to $240 million which reflects confidence in operating leverage.

AI deployments are rising and major developments are underway across Sydney, Melbourne and international markets which places NEXTDC among ASX AI Stocks set to benefit from the expanding data centre and artificial intelligence infrastructure cycle.

Nuix Limited (ASX: NXL)

Nuix Limited (ASX: NXL) reported a strong 1H26 result which places it firmly among emerging ASX AI Stocks as more enterprises adopt AI driven investigative software.

Annualised Contract Value increased 8.4% to $234.4 million mainly due to rapid expansion of the Nuix Neo platform which recorded ACV growth of 148% to $46.8 million.

Revenue rose 15.2% to $121.2 million while Adjusted Management EBITDA climbed 42.6% to $19.1 million which reflects operating leverage because revenue increased faster than costs.

Statutory NPAT improved to a profit of $11.1 million compared to a loss in the prior period which indicates a clear turnaround in profitability at a crucial time.

Management reaffirmed full year ACV guidance of $240 million to $260 million which is expected to be weighted towards the second half while revenue is projected to exceed operating cost growth.

(Source: Company Reports)