AI Data & Vector Stores
Ai · Active
· Information Technology
Latest report
2026-05-01 13:49
Providers of AI training data, vector databases, retrieval-augmented generation (RAG) infrastructure, data labeling services.
Pool
82
Industries
6
Cohort
3
Cohort MCap
16.1B
Layers
5
Topology Rationale
The theme monetizes AI usefulness by turning raw content and enterprise data into machine-consumable training corpora, labeled datasets, embeddings, and retrieval layers, then serving those workloads on cloud/database infrastructure consumed by application vendors. The value chain therefore starts with core AI data preparation and vector/RAG platforms, is supported upstream by compute, storage, and connectivity hardware, and is pulled by adjacent data-management software and downstream enterprise applications that embed AI search, copilots, and automation.
Value-Chain Layers
1
AI Data Creation, Labeling & Content Rights Enablement
This layer prepares, curates, labels, enriches, and licenses the data assets that make model training, fine-tuning, and retrieval systems usable.
8 companies
| Company | Role | Market Cap | Revenue ($M) | Consulting ($M) | Financial Services ($M) | Communications Media Technology ($M) | Net Income ($M) |
|---|---|---|---|---|---|---|---|
|
Innodata Inc
INOD
FY2025
|
AI data engineering and labeling services
Technology
|
1.3B | 252 | — | — | 221 | 32 |
|
Accenture plc
ACN
Q2-FY2026
|
Enterprise AI data modernization services
Technology
|
110.9B | 18,044 | 8,860 | 3,395 | 3,091 | 1,825 |
|
International Business Machines
IBM
Q1-2026
|
Consulting and software for AI data workflows
Technology
|
213.4B | 15,917 | 5,272 | 220 | 5,272 | 1,216 |
|
Infosys Ltd ADR
|
Data engineering and AI implementation services
Technology
|
49.9B | — | — | — | — | — |
|
Cognizant Technology Solutions Corp Class A
CTSH
Q1-2026
|
Enterprise data preparation and AI services
Technology
|
26.2B | 5,413 | 1,644 | 1,644 | 869 | 662 |
|
Wipro Limited ADR
|
IT services supporting AI data pipelines
Technology
|
21.9B | — | — | — | — | — |
|
Verisk Analytics Inc
VRSK
Q1-2026
|
Proprietary industry datasets and analytics
Industrials
|
24.7B | 783 | — | — | — | 234 |
|
Thomson Reuters Corporation Common Shares
|
Curated professional content and data assets
Industrials
|
41.3B | — | — | — | — | — |
2
Vector Databases, Retrieval Infrastructure & AI Data Platforms
These companies host, manage, query, and operationalize embeddings, vector search, and AI-ready data layers for training and inference workflows.
9 companies
| Company | Role | Market Cap | Revenue ($M) | Capex ($M) | Operating Cash Flow ($M) | Free Cash Flow ($M) | Operating Margin (%) |
|---|---|---|---|---|---|---|---|
|
Microsoft Corporation
MSFT
Q3-FY2026
|
Cloud and data platform stack for AI retrieval
Technology
|
3.2T | 82,886 | 30,876 | 46,679 | 15,803 | — |
|
Oracle Corporation
ORCL
Q3-FY2026
|
Cloud infrastructure and database platform
Technology
|
471.2B | 17,190 | 48,250 | 23,514 | — | — |
|
Snowflake Inc.
SNOW
FY2026
|
Cloud data platform feeding AI apps
Technology
|
48.8B | 4,684 | 102 | 1,222 | 1,120 | -31.0% |
|
MongoDB
MDB
FY2026
|
Developer database platform with vector search
Technology
|
20.8B | 2,464 | 5 | 505 | 493 | -6.0% |
|
Cloudflare Inc
NET
FY2025
|
Edge/cloud developer platform for AI delivery
Technology
|
74.6B | 2,168 | 316 | 603 | 261 | -9.6% |
|
CoreWeave, Inc. Class A Common Stock
CRWV
FY2025
|
GPU cloud hosting AI data workloads
Technology
|
60.3B | 5,131 | 10,309 | 3,058 | — | -1.0% |
|
Nebius Group N.V.
|
Cloud infrastructure tied to AI compute services
Communication Services
|
35.7B | — | — | — | — | — |
|
IREN Ltd
IREN
Q2-FY26
|
AI cloud services capacity provider
Financial Services
|
14.2B | 185 | 719 | 72 | — | — |
|
VeriSign Inc
VRSN
Q1-2026
|
Internet infrastructure adjacent to data access
Technology
|
24.8B | 429 | 7 | 272 | 265 | — |
3
Compute, Memory, Storage & Interconnect for AI Data Workloads
This layer supplies the chips, servers, storage, packaging, and data-center hardware that run embedding generation, vector indexing, and high-throughput retrieval.
33 companies
| Company | Role | Market Cap | Revenue ($M) | Gross Margin (%) | Capex ($M) | Operating Cash Flow ($M) | Operating Margin (%) |
|---|---|---|---|---|---|---|---|
|
NVIDIA Corporation
NVDA
FY2026
|
GPU compute for training and embeddings
Technology
|
5.1T | 215,938 | 71.1% | 6,042 | 102,718 | — |
|
Taiwan Semiconductor Manufacturing
|
Foundry capacity for AI silicon
Technology
|
2.0T | — | — | — | — | — |
|
Broadcom Inc
AVGO
Q1-2026
|
AI networking and infrastructure silicon
Technology
|
1.9T | 19,311 | 68.1% | 250 | 8,260 | 44.3% |
|
Micron Technology Inc
MU
Q2-2026
|
Memory for AI data-intensive workloads
Technology
|
584.7B | 23,860 | 74.4% | 5,004 | 11,903 | 67.6% |
|
Advanced Micro Devices Inc
AMD
FY2025
|
Data-center CPUs and accelerators
Technology
|
549.6B | 34,639 | 50.0% | 974 | 7,709 | 11.0% |
|
Intel Corporation
INTC
Q1-2026
|
Server compute and foundry services
Technology
|
474.9B | 13,577 | 39.4% | 4,963 | 1,096 | -23.1% |
|
Arm Holdings plc American Depositary Shares
|
CPU architecture used in AI servers
Technology
|
214.2B | — | — | — | — | — |
|
Sandisk Corp
SNDK
Q3-2026
|
Datacenter flash storage for AI data
Technology
|
157.1B | 5,950 | 78.4% | 45 | 3,038 | — |
|
Seagate Technology PLC
STX
FQ3-2026
|
Mass-capacity storage for AI repositories
Technology
|
144.1B | 3,112 | 46.5% | — | 1,114 | 32.1% |
|
Western Digital Corporation
WDC
Q2-2026
|
Storage devices for data-heavy AI systems
Technology
|
141.1B | 3,017 | 45.7% | 92 | 745 | 30.1% |
|
Marvell Technology Group Ltd
MRVL
FY2026
|
Data-center connectivity and compute silicon
Technology
|
136.9B | 2,219 | 51.7% | 114 | 374 | 18.2% |
|
Dell Technologies Inc
DELL
FY2026
|
AI servers and storage systems
Technology
|
133.7B | 113,538 | 20.0% | 2,633 | 11,185 | — |
|
Monolithic Power Systems Inc
MPWR
Q1-2026
|
Power chips for enterprise/data hardware
Technology
|
75.0B | 804 | 55.3% | — | 250 | 30.0% |
|
ASE Industrial Holding Co Ltd ADR
|
Semiconductor assembly and test support
Technology
|
67.0B | — | — | — | — | — |
|
Microchip Technology Inc
MCHP
Q3-FY2026
|
Embedded/control semis for infrastructure hardware
Technology
|
48.8B | 1,185 | — | — | — | — |
|
Hewlett Packard Enterprise Co
HPE
Q1-2026
|
Cloud AI servers and storage
Technology
|
37.5B | 9,301 | 35.9% | 569 | 1,178 | 5.1% |
|
Globalfoundries Inc
|
Foundry manufacturing for supporting semis
Technology
|
34.4B | — | — | — | — | — |
|
Astera Labs, Inc.
ALAB
FY2025
|
Data-center connectivity components
Technology
|
33.7B | 853 | 75.7% | 38 | 319 | 20.3% |
|
Credo Technology Group Holding Ltd
CRDO
Q3-FY2026
|
High-speed interconnect for AI clusters
Technology
|
32.4B | 406 | — | — | — | — |
|
United Microelectronics
|
Semiconductor foundry capacity
Technology
|
32.1B | — | — | — | — | — |
|
Qnity Electronics, Inc
Q
FY2025
|
Interconnect and semiconductor technologies
Technology
|
29.6B | 4,754 | 46.2% | 285 | 1,273 | — |
|
NetApp Inc
NTAP
Q3-FY2026
|
Enterprise storage for AI datasets
Technology
|
21.5B | 1,713 | 70.6% | 46 | 317 | 25.3% |
|
Pure Storage Inc
PSTG
FY2026
|
High-performance storage for AI pipelines
Technology
|
21.4B | 3,663 | 70.4% | 264 | 880 | 3.1% |
|
MACOM Technology Solutions Holdings Inc
MTSI
Q1-2026
|
Analog/RF semis for infrastructure links
Technology
|
20.2B | 272 | 55.9% | 13 | 43 | 15.9% |
|
Amkor Technology Inc
AMKR
Q1-2026
|
Chip packaging and test services
Technology
|
17.5B | 1,685 | — | 225 | 145 | — |
|
Texas Instruments Incorporated
TXN
Q1-2026
|
General analog semis for infrastructure electronics
Technology
|
245.0B | 4,825 | — | 676 | 1,520 | — |
|
Analog Devices Inc
ADI
Q1-2026
|
Analog components for communications hardware
Technology
|
190.1B | 3,160 | 64.7% | 109 | 1,369 | 31.5% |
|
Qualcomm Incorporated
QCOM
Q2-FY2026
|
Compute and connectivity silicon adjacency
Technology
|
166.6B | 10,599 | 53.8% | 1,082 | 7,414 | — |
|
NXP Semiconductors NV
NXPI
Q1-2026
|
Connectivity semis adjacent to infrastructure
Technology
|
73.0B | 3,181 | 56.2% | 79 | 793 | 47.3% |
|
STMicroelectronics NV ADR
|
Broad semis supporting hardware stack
Technology
|
46.8B | — | — | — | — | — |
|
ON Semiconductor Corporation
ON
FY2025
|
Power and sensing semis for systems
Technology
|
38.9B | 5,995 | 33.1% | 341 | 1,760 | 1.4% |
|
Tower Semiconductor Ltd
|
Specialty foundry supplier
Technology
|
23.7B | — | — | — | — | — |
|
Lattice Semiconductor Corporation
LSCC
FY2025
|
Programmable logic for compute infrastructure
Technology
|
15.8B | 523 | 68.2% | 43 | — | — |
4
Data Management, Middleware & Observability Adjacent to RAG
These platforms organize enterprise data, integration, security, and monitoring around the retrieval layer, making vector-backed AI systems deployable in production.
6 companies
| Company | Role | Market Cap | Revenue ($M) | ARR ($M) | Current Deferred Revenue ($M) | Free Cash Flow ($M) | Operating Margin (%) |
|---|---|---|---|---|---|---|---|
|
Palo Alto Networks Inc
PANW
Q2-2026
|
Security layer around AI data systems
Technology
|
147.2B | 2,594 | — | 6,248 | — | 30.3% |
|
Crowdstrike Holdings Inc
CRWD
FY2026
|
Security telemetry and AI operations adjacency
Technology
|
114.7B | 1,305 | 5,250 | — | 1,235 | — |
|
Fortinet Inc
FTNT
FY2025
|
Network security for AI data infrastructure
Technology
|
63.7B | 6,800 | — | 3,636 | 2,212 | 35.5% |
|
Datadog Inc
DDOG
FY2025
|
Observability for cloud AI data services
Technology
|
47.4B | 3,427 | — | — | 915 | 22.0% |
|
CyberArk Software Ltd
|
Identity security for enterprise AI access
Technology
|
20.6B | — | — | — | — | — |
|
Zscaler Inc
ZS
Q2-FY2026
|
Zero-trust access to AI data environments
Technology
|
21.7B | 816 | 3,359 | — | 169 | 22.0% |
5
Enterprise Applications Consuming AI Data & Retrieval Layers
This layer includes software vendors that embed copilots, semantic search, and AI workflows that consume labeled datasets, enterprise context, and vector search infrastructure.
20 companies
| Company | Role | Market Cap | Revenue ($M) | Operating Cash Flow ($M) | Free Cash Flow ($M) | Capex ($M) | Operating Margin (%) |
|---|---|---|---|---|---|---|---|
|
Palantir Technologies Inc.
PLTR
FY2025
|
Operational AI applications built on data fusion
Technology
|
330.7B | 4,475 | 2,134 | — | 34 | 50.0% |
|
SAP SE ADR
|
Enterprise apps consuming AI-ready business data
Technology
|
200.5B | — | — | — | — | — |
|
Shopify Inc
SHOP
FY2025
|
Commerce software embedding AI assistants
Technology
|
157.8B | 11,556 | 2,033 | 2,007 | 26 | — |
|
Applovin Corp
APP
FY2025
|
Adtech software using model-driven data optimization
Communication Services
|
149.1B | 5,481 | 3,971 | 3,952 | 0 | — |
|
Salesforce.com Inc
CRM
FY2026
|
Customer-data applications with AI agents
Technology
|
148.2B | 41,525 | 14,996 | 14,402 | 594 | 34.1% |
|
Intuit Inc
INTU
Q2-FY2026
|
Financial software using AI-enriched data
Technology
|
109.9B | 4,651 | 2,207 | — | 84 | — |
|
Adobe Systems Incorporated
ADBE
Q1-2026
|
Creative and marketing apps consuming content data
Technology
|
98.5B | 6,398 | 2,958 | — | 37 | — |
|
ServiceNow Inc
NOW
Q1-2026
|
Workflow software embedding enterprise AI
Technology
|
91.7B | 3,770 | 1,670 | 1,665 | 141 | 32.0% |
|
Cadence Design Systems Inc
CDNS
Q1-2026
|
Design software using AI/data-intensive workflows
Technology
|
91.1B | 1,474 | 356 | 307 | 49 | 44.7% |
|
MicroStrategy Incorporated
MSTR
Q4-2025
|
Analytics software consuming enterprise data layers
Technology
|
55.4B | 123 | — | — | — | — |
|
Autodesk Inc
ADSK
FY2026
|
Design platform leveraging AI-assisted workflows
Technology
|
49.8B | 7,206 | 2,452 | 2,409 | 43 | 38.0% |
|
Workday Inc
WDAY
FY2026
|
Enterprise SaaS consuming contextual business data
Technology
|
31.5B | — | — | — | — | — |
|
Zoom Video Communications Inc
ZM
FY2026
|
Communications platform embedding AI assistants
Technology
|
28.2B | 4,869 | 1,989 | 1,924 | 65 | 40.4% |
|
Veeva Systems Inc Class A
VEEV
FY2026
|
Vertical SaaS using regulated data workflows
Healthcare
|
26.0B | 3,195 | 1,415 | 1,386 | 29 | 44.9% |
|
Fair Isaac Corporation
FICO
Q2-2026
|
Decision software built on proprietary data
Technology
|
24.8B | 692 | 223 | 214 | — | — |
|
Atlassian Corp Plc
TEAM
Q2-FY2026
|
Collaboration software using AI knowledge retrieval
Technology
|
18.6B | 1,586 | 178 | 169 | 9 | 27.0% |
|
Samsara Inc
IOT
FY2026
|
Operational software consuming machine data
Technology
|
17.1B | 444 | 70 | 62 | 8 | 21.0% |
|
SS&C Technologies Holdings Inc
SSNC
Q1-2026
|
Financial software and tech-enabled data services
Technology
|
16.8B | 1,647 | 300 | 232 | 68 | 38.4% |
|
PTC Inc
PTC
Q1-2026
|
Industrial software using digital-thread data
Technology
|
16.4B | 686 | 270 | 267 | 2 | 45.1% |
|
Twilio Inc
TWLO
FY2025
|
Communications APIs embedding conversational AI
Technology
|
21.4B | 5,067 | 1,003 | 945 | 58 | 18.2% |
Report History
| Generated | Pool | Layers |
|---|---|---|
| 2026-05-01 13:49 | 82 | 5 |