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Indore Stock:8 Best AI Stocks Under $10

 2024-11-11  Read 16  Comment 0

Abstract: There’s no doubt artificial intelligence will continue to be an emerging force — technologically and financially — as we move into the new year. ChatGPT, the generative AI chatbot that can help you do everything from debugging code to deciding wh

8 Best AI Stocks Under $10

There’s no doubt artificial intelligence will continue to be an emerging force — technologically and financially — as we move into the new year. ChatGPT, the generative AI chatbot that can help you do everything from debugging code to deciding what to make for dinner, broke records with 100 million active users just two months after its launch, Reuters reported. Smart investors are putting at least some of their portfolio into AI stocks based on their tremendous growth potential.

See: 3 Things You Must Do When Your Savings Reach $50,000Indore Stock

If you know where to look, you can find cheap AI stocks under $10 that show promise as long-term investmentsAhmedabad Wealth Management. When we talk about AI stocks, we refer to companies that use AI as part of their technology, companies that make components (such as chips) that AI companies rely on, or companies where artificial intelligence is their core competency.

If you’re ready to invest in AI, consider these eight value stocks recommended by experts:

Alithya Group Inc. (ALYA)

CooTek (Cayman) Inc. (CTKYY)

FiscalNote Holdings Inc. (NOTE)

NIO Inc. (NIO)

Lantronix IncKanpur Investment. (LTRX)

SoundHound AI Inc. (SOUN)

Nerdy Inc. (NRDY)Udabur Stock

AudioEye Inc. (AEYE)

Alithya is a team of IT and strategy consultants who advise and guide companies through the strategic use of digital technologies, including AI.

The company works in many industries, including manufacturing, healthcare, energy, transportation and logistics, that increasingly use AI to improve operations, streamline workflows and stay a step ahead of competitors.

The stock trades at just $1.19 as of Nov. 21Kolkata Stocks. According to CNN Business, as of November, three analysts consider the stock a “buy” and three consider it a “hold,” giving it a consensus rating of “buy,” and the stock has a median 12-month price target of $1.98.

CooTek is a cutting-edge app developer responsible for games like Crazy Painting and Hi Hamster, helpful lifestyle apps like Happy Jogging and Drink Water Reminder, and, notably, the AI-based TouchPal Smart Input predictive text technology for mobile devices. The latter is powered by a deep learning engine and enriched by user interaction.

If you are looking for a value stock you can pick up for under a dollar that could yield exponential returns over the next 12 months, take a look at CooTek. One analyst said the stock could skyrocket from its current 9 cents up to $21.71 over the next year, according to CNN Business.

FiscalNote Holdings combines data, technology and insights to help organizations stay ahead of legislation and regulatory action while helping create a more sustainable world. In August 2023, the company introduced FiscalNoteGPT, a generative AI platform tailored to the policy and regulatory industry.

Wall Street analysts are giving FiscalNote Holdings Inc. a “moderate buy” rating, according to TipRanks. Currently trading at $1.05, the stock could rise to $7, with an average price target of $3.28 for the next 12 months.

NIO is a China-based manufacturer of electric vehicles with offices across China and Europe, along with a U.S. headquarters in San Jose, California. In addition to electric vehicles, the high-tech company markets EV charging solutions and lifestyle products.

NIO may be trading under $10 now, but that wasn’t always the case. In August 2023, the stock hit a one-year high of more than $16. In 2021, the stock was trading at more than $61 per share.

Analysts are calling NIO a “buy” or “hold” right now, according to TipRanks. Analysts predict a high price target of $19.20, substantially more than NIO’s current $7.51 trading price. Its average one-year price target sits at $13.49.

Tesla may be the AI stock of choice for many investors, with AI solutions going into its Full Self-Driving feature and CEO Elon Musk using AI for many of his other endeavors, including the social media platform X, formerly known as Twitter. But NIO stock stands as a budget-friendly choice to support EVs and AI development for under $10 per share.

Lantronix is a global provider of hardware and software for the ever-evolving Internet of Things and device management. As such, it relies heavily on AI innovation and development. Headquartered in California with offices in Texas, Minnesota and across the globe, Lantronix is used across industries such as government, retail, transportation, utilities, healthcare and others.

Looking for a cheap AI stock under $10 with a promising future? Analysts rate Lantronix a “strong buy,” according to TipRanks, forecasting a high price target of $12, an average of $9.63 and a low of $8, which is still higher than its current selling price of $5.23 per share.

SoundHound provides voice AI solutions for restaurants, hospitality venues, in-car technology and smart home devices, among other industries. Not only is this useful AI tech that’s fun to use, but it’s also a hint at the future and the positive applications for AI. Companies like Hyundai, Jeep, Samsung, LG and White Castle are already implementing SoundHound tech. If you want to invest in AI technology that you may already use, consider a few shares of this stock.

SoundHound is rated a “strong buy” by Wall Street analysts, according to TipRanks. With a predicted high of $5 over the next year, an average target of $4.40 and a low of $3.60, which is still higher than its current price of $2.12, SoundHound could be a smart choice if you’re looking for an AI stock with a low entry point and plenty of profit potential.

Nerdy Inc. is an online education company that uses AI technology to enhance personalized live learning experiences across 3,000 subjects. The company’s Artificial Intelligence for Human Interaction platform uses AI to help deliver one-on-one and one-to-many education, by pairing learners with the best teachers for their needs.

In spite of lackluster quarterly reports in early November, which kicked the stock into a nearly 18% loss for the day, Nerdy remains a “buy” in the eyes of many investors.

Operational successes overshadowed bottom-line losses, with analysts giving Nerdy Inc. a “buy” rating that has held steady since August 2023, according to CNN Business. Selling at just $2.53 per share, it would be tough to lose with a high forecast of $6, a median of $5 and a low of $3 over the next 12 months.

AudioEye is a digital accessibility solution for businesses. The software-as-a-service company uses AI for automated testing, combined with human assessments to help businesses wherever they are when it comes to web accessibility for users and customers.

Trading at $4.12 as of Nov. 21, AudioEye is far below its five-year high of over $44 with plenty of room to grow.

According to Markets Insider, analysts give AudioEye a consensus rating of “buy,” with a high price target of $10, a median of $9.50 and a low of $8, which is still nearly double its price per share right now.

Chip manufacturer Nvidia remains an AI stock darling, rising over 241% year to date as of Nov. 21. Analysts indicated the stock hasn’t hit its ceiling yet, either.

Nvidia is currently trading at nearly $500 per share. That means unless you want to get in with fractional shares through a stock trading app, you’ll need a decent amount of money to invest. And one share won’t really move the needle on your investment portfolio.

That doesn’t mean you can’t jump on the AI bandwagon right now. Whether you have hundreds or thousands to invest, AI stocks can help you meet your goals.

If you’re looking to invest in the AI industry, you’ll find a plethora of stocks under $10. With options ranging from a company that produces AI-driven apps to an electric vehicle manufacturer that relies on AI for various aspects of its operation, the list above offers comprehensive options for AI investments under $10.

Data is accurate as of Nov. 21, 2023, and is subject to change.


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