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TheMarketAI SC 15 Index Extends Winning Streak in September with 6.4% Gain

  • Writer: Niv Nissenson
    Niv Nissenson
  • Oct 2
  • 2 min read

TheMarketAI.com AI Small Cap 15 Index from July to September.

TheMarketAI Small-Cap 15 Index continued its strong momentum into September, advancing 6.4%for the month and closing at 127.12, up from 119.47 at the end of August.


The proprietary index—developed by TheMarketAI.com to spotlight under-the-radar AI-driven innovators in the small-cap universe—has now delivered double-digit cumulative growth in just its third month of tracking.


September Highlights

  • Total Market Cap: $149.5 billion across the 15 constituents

  • Top Performers: Credo Technology Group (CRDO) and IonQ (IONQ) continued to lead gains, supported by investor optimism around quantum computing and AI hardware integration.

  • Strong Software Momentum: Commvault Systems (CVLT) and Clearwater Analytics (CWAN) also saw notable appreciation, reflecting renewed confidence in AI-enhanced data management and analytics platforms.

  • Hardware Resilience: Rambus (RMBS) maintained solid performance, benefiting from its exposure to memory interface and AI infrastructure trends.


TheMarketAI Take

September’s advance reinforces what the index is designed to capture: AI’s next generation of growth is no longer confined to mega-cap names. While the broader market showed signs of fatigue, our AI small-cap universe continued to outpace major benchmarks—showing that innovation leadership is increasingly distributed across a wider field of players.


As the AI boom filters into second-tier enablers and niche software leaders, TheMarketAI SC 15 Index continues to provide a forward-looking lens on where the next breakthroughs—and investment opportunities—are emerging.



Ticker

Company Name

Market Cap Base (B USD)

Weight (%)

Market CAP (Sep 30, 2025)

CRDO

Credo Technology Group

15.72

21.00

25.19


IonQ Inc

11.24

15.00

21.73

CVLT

Commvault Systems Inc

7.76

10.40

8.45

RMBS

Rambus Inc

6.88

9.20

11.21

CWAN

Clearwater Analytics

6.22

8.30

5.89

ITRI

Itron Inc

6.00

8.00

5.69

IDCC

InterDigital Inc

5.82

7.80

8.91

QBTS

D-Wave Quantum Inc

4.58

6.10

9.15

SOUN

SoundHound AI Inc

4.31

5.80

6.49

AI

C3.ai Inc

3.30

4.40

2.36

BBAI

BigBear.ai Holdings Inc

1.98

2.60

2.49

CCSI

Consensus Cloud Solutions

0.45

0.60

0.56

MVIS

MicroVision Inc

0.28

0.40

0.38

AISP

Airship AI Holdings Inc

0.19

0.25

0.24

EGAN

eGain Corp

0.17

0.23

0.16


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