What are the top stocks in the Agentic AI theme?

QuantAbundancia's Agentic AI theme tracks 5 stocks ranked editorially: DOCN, FSLY, IBM, NET, PATH.

Do Agentic AI stocks move together?

The Agentic AI theme has a 252-day average correlation of 0.29 across its members - weak co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.

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Theme

Agentic AI

Edge / serverless / dev infra enabling autonomous AI agents.

0.291avg corr (252d)

5stocks

Weak co-movement

Stocks · key Fib levels

$173.27last
$71.00fib
+144.0%vs fib
anchored by undisclosed (long-tail: 600k+ SMB/developer accounts, no single customer >2% of revenue) · undisclosed (Paperspace AI/ML cohort — indie AI builders + small inference shops) · undisclosed (Cloudways managed-hosting agency channel)
- ▸AI customer ARR up 150% YoY to $120M
- ▸>70% of AI revenue from inference services
- ▸$1M+ customer ARR up 123% YoY to $133M
$17.90last
$17.00fib
+5.3%vs fib
anchored by Shopify · Reddit · Stripe · The New York Times · Spotify
- ▸**2024 Q3** - Vimeo migrated bulk traffic to $AKAM, material revenue headwind disclosed

Co-movement matrix (252d)

	DOCN	FSLY	IBM	NET	PATH
DOCN	·	0.39	0.18	0.51	0.27
FSLY	0.39	·	0.08	0.37	0.11
IBM	0.18	0.08

About themes

Themes are editorial groupings - narrative buckets used for technical screens. They exist alongside , which are validated empirically by capital-flow co-movement.

When a theme's avg correlation is high, the editorial story is also tradeable as a bloc. When it's low, the narrative groups stocks that don't actually move together - useful for thinking, less useful for trading.

Related research

Frequently asked questions

What are the top stocks in the Agentic AI theme?: QuantAbundancia's Agentic AI theme tracks 5 stocks ranked editorially: DOCN, FSLY, IBM, NET, PATH.
Do Agentic AI stocks move together?: The Agentic AI theme has a 252-day average correlation of 0.29 across its members - weak co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.

IBMInternational Business Machines Corporation

$249.10last

- fib

anchored by Global banks & financial institutions · US Government · Telecom & large enterprises

▸2026-05-21 - US Commerce Dept letter of intent: ~$1B federal grant plus a minority government equity stake in IBM, part of a $2B national quantum package; jointly funds the "Anderon" 300mm quantum wafer foundry in Albany, NY ($1B CHIPS Act incentives + $1B IBM)
▸2026-05 - Project Lightwell: $5B and 20,000 engineers committed to securing open-source software at enterprise scale
▸2026-05 - >$10B five-year quantum commitment reaffirmed; fault-tolerant quantum computer targeted by 2029
▸2026-04-22 - Q1 2026 print: revenue $15.9B (+9% YoY); Software $7.05B (+11%, Red Hat +13%, Data +19%); Infrastructure $3.33B (+15%, IBM Z mainframe +51%); non-GAAP EPS $1.91 (vs $1.81 cons); FCF $2.2B; quarterly dividend raised to $1.69
▸2026-03-17 - Closed ~$11.6B all-cash acquisition of Confluent (CFLT) at $31/share, adding real-time data streaming to the Software segment; CFLT delisted from Nasdaq
▸FY2025 - Revenue $67.5B (+6% YoY); net income from continuing ops $10.6B; free cash flow ~$14.7B
▸2026 guidance - >5% constant-currency revenue growth; free cash flow ~$1B higher YoY
▸Snapshot 2026-05-30: price ~$296 (2026-05-29 close); mcap ~$278B (~938.5M sh); repriced from ~$222 (2026-05-20) on the quantum-funding catalyst

NETCloudflare, Inc.

$224.06last

$205.00fib

+9.3%vs fib

anchored by IBM · Shopify · DoorDash · Canva · Discord · Thomson Reuters · Loblaw · L'Oreal

▸2026-04: Workers AI generally available across 330+ cities; $NVDA GPU inventory deployed in 180+ POPs
▸2026-03: Q4 '25 print - revenue +27% YoY, $100k+ customers crossed 3,300
▸2026-02: R2 Object Storage zero-egress positioned vs $AMZN S3 - referenced by multiple AI training shops
▸2025-09: Cloudflare One Zero Trust suite added to FedRAMP Moderate authorization
▸2025-Q4: Disclosed multi-year 8-figure ARR deal with undisclosed Fortune 100 financial services firm
▸2025: AI Gateway + Vectorize + AI Audit launched as the AI-app control plane

PATHUiPath Inc.

$10.27last

$10.00fib

+2.7%vs fib

anchored by US Department of Defense · Uber · Wesco · CrowdStrike · Generali · undisclosed federal agencies

▸2024-Q4: Crossed $1.5B ARR; ~10,800 customers, ~2,200 with >$100k ARR
▸2025-03: Autopilot for Everyone announced - generative-AI layer over existing RPA
▸2025-10: Agent Builder + Agentic Orchestration GA at FORWARD conference
▸2026-Q1 (Apr): ARR ~$1.7B reported, NRR ~110%, ~2,500 customers >$100k ARR
▸2026-03: Founder Daniel Dines returns as sole CEO; Rob Enslin departs - explicit pivot to agentic
▸Public sector: DoD ESI agreement, multiple US federal + state contracts (specific dollar values undisclosed)