Do you want to buy the Artificial Intelligence Stocks under $10? You should wait a bit because artificial intelligence is one of the hottest trends in the market in 2024, and many AI agencies have seen huge growth. When stocks shoot up rapidly, it can be hard to find cheap AI stocks, like under $20 or $10.
But there are still some affordable AI stocks out there. You might have to search different market parts to find Artificial Intelligence Stocks Under $10. In this article, we’ll explain why AI is so popular in the stock market and share some of our favorite companies that won’t cost you too much. But first, let’s talk a bit about the Artificial Intelligence Stocks.
What Are The Artificial Intelligence Stocks?
Artificial intelligence stocks are shares in companies that use smart computer systems to do all sorts of things. Some focus on healthcare, helping doctors diagnose diseases faster. Others work in finance, using AI to predict stock market trends. There are also companies in automotive, making self-driving cars smarter. These stocks are about investing in the future of technology and how it can change different industries. The Artificial Intelligence Stocks Under $10 are listed below.
Artificial Intelligence Stocks Under $10 In 2024
Why is AI so Popular in the Stock Market?
AI is popular in the stock market because it helps investors make smarter decisions. These smart computer systems can analyze huge amounts of data quickly, spotting patterns and trends that humans might miss. This helps investors predict which stocks will go up or down, making it easier to make money. AI can work non-stop, so it always keeps an eye on the market, even when people sleep. That’s why AI has become a big deal in the stock market. Several AI Stock Trading Bots are now available to optimize trending strategies.
Why Should I Invest in AI Stocks?
Understanding the potential risks and rewards is crucial when trading top artificial intelligence stocks under $10. AI presents an exciting opportunity to streamline tasks globally, such as ChatGPT’s ability to quickly analyze vast datasets and generate results across various mediums. You can also learn How to Make Money With ChatGPT in 2024.
Here are additional reasons to invest in AI stocks.
1. Projected Market Growth
Analysts predict the global AI market to surpass $1.8 trillion by 2030, with an expected compound annual growth rate (CAGR) of approximately 33%.
2. Industry Versatility
Various sectors, including healthcare, data management, fintech, and cybersecurity, have witnessed significant private investments exceeding $5 billion each in AI technology and products in 2022.
3. Accelerated Adoption Rates
Machines incorporating AI technologies are being embraced faster than anticipated. A 2023 Statista survey revealed that more than a quarter of young professionals (Gens X, Z, and millennials) utilize generative AI tools like ChatGPT in their workplaces. You can Learn the ChatGPT use cases.
How do I buy Artificial Intelligence stocks under $10?
To buy stocks, you typically need a brokerage account. You can open an account with an online brokerage platform, deposit funds, search for the desired stock using its ticker symbol, and place an order to buy shares at the current market price.
10 Best Artificial Intelligence Stocks Under $10
Artificial intelligence technology has gained remarkable growth over the past decade. AI’s applications span from processing insurance claims to powering in-home assistants. In the world of technology, the artificial intelligence market stands out for its exceptional advantages.
Projections indicate that by 2024, the AI market will gain a worth of $196.6 billion. Selection of stocks priced under $10.00 emerges as valuable assets for diverse investment portfolios. Let’s explore the 10 best artificial intelligence stocks under $10.
1. Nio Inc.
Nio Inc., a prominent electric vehicle manufacturer, is recognized as one of the promising AI-oriented companies for investment. While Tesla Inc. (NASDAQ: TSLA) frequently dominates the news,Nio Inc., a smaller Chinese EV manufacturer listed on the New York Stock Exchange (NYSE: NIO), is gaining attention in China and internationally, including in the United States and Europe.
The company boasts a diverse product range, including sports cars, SUVs, and sedans. Nio specializes in making intelligent vehicles, integrating conventional and autonomous driving capabilities. The company is developing the Eve, a fully autonomous station wagon.
With a market capitalization exceeding $19 billion, Nio is the largest entity on our featured list and has recently surpassed the milestone of 200,000 vehicle sales. While analysts lean towards a “hold” recommendation for the stock, the average projected price target of $13.31 presents a potential gain of over 16%. In AI-related stocks priced below $10, Nio’s shares emerge as our prime preference.
2. FiscalNote Holdings Inc.
FiscalNote Holdings Inc. is an impactful tech company, employing approximately 700 dedicated full-time staff members. Despite its size, the company plays an important role by providing its products and services to a wide reaching network.
Employing advanced technologies such as AI, machine learning, analytics, and collaborative research, FiscalNote excels in aiding clients to navigate policy and regulatory changes effectively. It is one of the best Artificial Intelligence stocks under $10.
3. SoundHound AI Inc.
SoundHound AI Inc., traded as NASDAQ: SOUN, is headquartered in Santa Clara and specializes in exploring technologies for voice-integrated products. The company’s flagship product, the Houndify system, enables you to develop AI-driven conversational voice assistants. These assistants can be uniquely tailored using automatic speech recognition and embedded solutions.
SoundHound holds a favorable buy rating from its sole covering analyst firm, Canter Fitzgerald. Impressively, institutional investors have acquired shares worth over $100 million within the past year, a substantial feat given the company’s market capitalization being under $500 million.
4. Nerdy Inc.
Nerdy Inc. (NYSE: NRDY) is a prominent online learning platform exploring AI technology to establish a dynamic marketplace connecting learners with educators. The innovative system engineered by Nerdy facilitates pairing students, parents, and other users with proficient tutors, instructors, and education experts.
During August, a quartet of stock analysts raised their price projections for NRDY shares. Their collective outlook indicates an average potential increase of 36.4% above the prevailing market price. Over the past year, several institutional investors have acquired shares, culminating in a noteworthy influx of $145 million in new investments.
5. Rekor Systems Inc.
Rekor Systems Inc., headquartered in Maryland and listed as NASDAQ: REKR, stands out as a noteworthy AI stock to keep an eye on. This innovative company uses AI technology to tackle issues within transportation management and public safety domains.
With a focus on serving large municipalities, Rekor offers a range of distinct products. The Rekor One intelligent roadway platform and the Rekor Command application. These solutions cater to traffic centers, first responders, and freeway patrol units to enhance operational efficiency.
Despite being established just six years ago, Rekor Systems has rapidly attracted institutional interest, accumulating a market capitalization of approximately $200 million.
6. Lantronix Inc.
Lantronix Inc. (NASDAQ: LTRX) is at the forefront of utilizing AI-powered computing equipment and software to provide comprehensive solutions tailored to the Internet of Things (IoT) landscape.
Its advanced technology enables clients to engage in remote environmental management, encompassing video surveillance, robotics, traffic management, and edge computing.
7. AudioEye Inc.
AudioEye Inc. (NASDAQ: AEYE) is a leading provider of accessibility solutions that use AI technology and innovative software. Through its advanced technology, AudioEye can convert content into accessible formats and deliver it to users across the web.
This platform plays an important role in transforming various types of data and information into formats that cater to individuals with diverse disabilities, including dyslexia, epilepsy, and color blindness. So, all three analysts specializing in AEYE stock have been assigned a “buy” rating, while the collective average price target suggests compelling upside potential of over 90%.
8. Lantern Inc.
Lantern Pharma Inc. (NASDAQ: LTRN) is a compact clinical-stage biotechnology company headquartered in Dallas, Texas. Despite its modest size, around 22 full time staff, and holding a market capitalization of approximately $50 million, it has gained attention for its innovative utilization of AI among the best Artificial Intelligence Stocks Under $10 in drug development.
9. BigBear.AI (NYSE:BBAI)
BigBear.ai is an innovative artificial intelligence company developing AI-powered tools tailored for cyber engineering solutions and advanced data analytics. Their primary goal is to facilitate the generation of effective solutions and well-informed decision-making to tackle complex challenges in real-world scenarios.
Moreover, they have established strong partnerships with prominent clients such as the US Army, the Defense Intelligence Agency, and the US Air Force.
10. Nerdy (NYSE: NRDY)
Nerdy serves as an online educational platform specializing in personalized lessons and tutoring. The company tailors its approach to each user by implementing AI-generated lesson plans and chat-based tutoring. It offers to students grappling with diverse subjects, fostering independent learning and the attainment of academic milestones.
Nerdy employs AI technology to create personalized lesson plans for each student. This ensures a tailored learning experience that maximizes comprehension and retention.
Investing 10 Best Artificial Intelligence Stocks Under $10 presents opportunities and risks. These stocks can provide exposure to the rapidly growing field of artificial intelligence and its potential for transformation across industries.
However, diligence is important; thorough research into these companies’ financial health, growth prospects, and market trends is essential before investing. The volatility associated with low-priced stocks and the broader market fluctuations emphasizes the importance of a diversified investment strategy and a long-term perspective.