TheMarketAI SC 15 Index Crushes July, Leaves AI ETFs in the Dust
- Niv Nissenson
- Aug 1
- 2 min read
July 2025 marked the very first month of tracking the TheMarketAI SC 15 Index, and it delivered a strong debut — gaining 10.85% from its June 30 launch benchmark.
At TheMarketAI.com, we created this index to spotlight AI-driven small-cap tech companies — a segment often overlooked in favor of trillion-dollar megacaps. While AI ETFs and the broader tech indices posted solid returns, our list of 15 Russell 2000 tech stocks with meaningful AI exposure clearly stood out.
July Performance
The index closed at 110.96, up from its base of 100:
+10.85% for the month
Here’s how it compared:
Nasdaq Composite: +4.22%
IVES (Dan Ives AI Revolution ETF): +5.14%
BOTZ (Global X Robotics & AI ETF): +2.81%
ROBT (First Trust AI & Robotics ETF): +4.14%
Key Contributors
Several names played an outsized role in lifting the index:
Credo Technology (CRDO): +21.8%
Rambus (RMBS): +15.6%
Commvault (CVLT): +8.9%
Their combination of strong performance and high index weight made them significant drivers of the overall result.
Not All Green
Of course, not every stock in the index moved higher:
Airship AI (AISP): –10.2%
MicroVision (MVIS): –9.4%
Clearwater Analytics (CWAN): –7.7%
Still, part of the thesis behind this index is that a few outsized winners can carry a diverse portfolio of small-cap AI bets — especially in a high-growth, high-volatility space like this one.
What We’re Watching
We’ll continue publishing updates monthly to track how the index evolves — both as a performance tracker and as a window into where real AI innovation is happening outside of Big Tech.
Disclaimer
The TheMarketAI SC 15 Index is for informational and illustrative purposes only. It is not an investment product, and does not constitute financial advice or a recommendation to buy or sell any securities. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
