The Rise of Artificial Intelligence Stocks under $10
Artificial Intelligence (AI) has revolutionized a multitude of industries, and the stock market is no exception. The recent upsurge in AI stocks has provided investors with the opportunity to capitalize on a rapidly growing market that is expected to reach $118.6 billion by 2025. Here are the top 5 AI stocks under $10 that are worth investing in now.
1. Veritone (VERI)
Veritone is a leading provider of AI-based predictive analytics and cognitive applications. Its platform utilizes AI technology to analyze unstructured data and delivers actionable insights to businesses in real-time. Additionally, the company has formed partnerships with leading technology giants such as Microsoft and Amazon, ensuring its technology is at the forefront of innovation. Despite a dip in stock prices at the beginning of 2021, Veritone has a strong growth potential with a long-term strategy focused on expanding its customer base.
2. Gridsum Holding (GSUM)
Gridsum Holding is a Chinese AI Solutions provider that offers a range of services such as customer relationship management, enterprise resource planning, big data analytics, and marketing automation. The company leverages AI technology to help businesses enhance their operational efficiency and expand their customer base. The company boasts of Chinese government backing and recently partnered with Huawei to develop an intelligent network operation center, positioning itself as a major player in the Chinese AI market.
3. Remark Holdings (MARK)
Remark Holdings is a diversified AI solutions company that has risen to fame due to its innovative technology for facial recognition and data analytics. The company’s software deploys AI algorithms to monitor and analyze people, places, and objects, improving safety measures, and enhancing data-driven decision-making processes. Remark Holding’s critical software has attracted interest from various industries, including law enforcement, entertainment, and retail, making it one to watch in the coming years.
4. Sogou (SOGO)
Sogou is a Chinese internet technology company that provides AI-powered search engines and tools for Chinese speakers. Sogou has leveraged AI technology to create a personalized search experience, accelerating its growth rate to become one of the largest AI search engines in China. Sogou has recently attracted investment from Tencent, thanks to the company’s innovative AI technology and well-established customer base.
5. Baidu (BIDU)
Baidu is one of the leading AI innovators in China, offering a range of AI-inspired applications such as Baidu Connect, DuerOS, and Apollo. Baidu’s autonomous driving technology has attracted major automakers such as Volvo and BMW, cementing the company’s position as a major player in the growth of the autonomous driving industry. Despite the setback due to U.S. sanctions, Baidu has shown resilience amidst the global pandemic, and its acquisition of AI-focused start-ups has accelerated the company’s expansion strategy.
Conclusion
The expansion of AI in recent years has led to an increase in investment opportunities for investors seeking to capitalize on this industry’s potential. The five AI stocks under $10 recommended in this article offer unique and disruptive technologies that have the potential to change the future of various industries, making them worth considering to your portfolio. It’s advisable to carry out extensive research and due diligence before making any investment decisions to ensure you pick an AI stock with a sustainable strategy and sustainable growth potential.
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