With the potential to reach new heights across many industries, artificial intelligence (AI) is taking the world by storm. But where do you start investing in this technology? Check out our picks for some of the best artificial intelligence stocks under 10 bucks to find out.
Companies like NVIDIA are making huge advancements in building AI infrastructure every day.
Large language models and generative AI tools such as Chat GPT are creating an AI boom.
If you want to invest in a growing technology space, AI stocks are definitely worth consideration.
All you need is a solid game plan and a stock to invest in.
Luckily, there are plenty of publicly traded companies in the AI space available for under $10 that can help you diversify your portfolio without breaking the bank.
Keep reading for intel on some of the best AI tech stocks available under 10 dollars!
Top AI Stocks Under $10
Alithya Group Inc. (NASDAQ: ALYA)
Alithya Group Inc. is a Canadian company that uses artificial intelligence and machine learning to deliver financial services and real-time solutions to clients.
Alithya Group Inc. also specializes in software development, business analysis, and consultancy.
This makes the organization a great asset in the AI industry because it already possesses the requisite skills and knowledge.
According to its most recent earnings report, annual revenues climbed by 19.37% to $522.70 million, up from $437.89 million in FY 2021-22.
The business is also ramping up initiatives crucial to the long deals with Québecor and Beneva acquired as part of this transaction, which is expected to generate $600 million in total earnings, if not more, within the next decade.
With its emphasis on customer satisfaction and innovation, the company could be a dominant participant in the AI sector for many years to come.
Lantronix, Inc. (NASDAQ: LTRX)
Lantronix Inc. offers hardware services and SaaS engineering that are powered by artificial intelligence.
The firm has a long history of offering creative AI-based solutions to consumers across several sectors. Lantronix is presently concentrating on its AI capabilities and the Internet of Things (IoT).
Lantronix’s xPico Wi-Fi product, a compact form factor Wi-Fi module that can be fitted into various devices, has already succeeded.
The company has a market capitalization of $167.62 million, and its shares are now trading at slightly more than $4.50.
In addition, the company reported earnings of $131.19 million in the last year, which was a new high, growing 1.18% over the year before.
Lantronix is well-positioned to profit from artificial intelligence’s fast expansion, and it might be an excellent option for investors seeking exposure to the industry.
Nerdy Inc. (NYSE: NRDY)
Nerdy Inc. (NYSE: NRDY) is an online learning platform that connects educators and learners by leveraging proprietary AI technology.
Tutors, teachers, and other education professionals are matched with students, parents, and other users through Nerdy’s system.
More than 3,000 lesson topics and a range of delivery methods, including private tutoring, small groups, and expansive virtual classrooms, are available on Nerdy.
Nerdy uses AI tools in several ways, including enhancing course personalization, curating the best experts through automated assessments, learner-centric course material, and, of course, its powerful student-to-expert matching algorithm
The stock has grown by 62% in the last year and is currently trading at around $3.5.
The revenues have also been growing steadily in line with the stock price, including a 15.6% jump in the latest financial year and a 35% increase in the year before.
Duos Technologies Group, Inc. (NASDAQ: DUOT)
Duos Technologies Group, Inc. is a company you can turn to for innovative artificial intelligence (AI) and machine learning technology.
The company has a strong focus on AI and big data, which is evident in the products it has released so far.
For example, its Duos BI product is a big data analytics platform that leverages machine learning algorithms to help organizations make better business decisions.
The company also has a strong portfolio of intellectual property.
Duos Technologies products are already being used by some of the largest organizations in the world, including Walmart, AT&T, and GE.
It has been publicly listed on the NASDAQ, with a market capitalization of $31.57 million.
Its 2022 full-year performance yielded a total of $15.01 million, up 81.75% over the previous year.
This only goes to show that, despite a slow start, the company is profitable.
The company entered the year with significant sales and strong backlog momentum, thanks to its Q4 performance ($5.93 million).
It issued preliminary revenue guidance between $20 million to $21 million for 2023, nearly 33-40% higher than what it earned last year.
Innodata Inc. (NASDAQ: INOD)
Consumers view Innodata Inc. as an AI/ ML play in the stock market.
This American company is mainly involved in developing digital content and services for businesses and governments.
The company has a market capitalization of ~$202 million and is headquartered in Mahwah, NJ.
The company offers artificial intelligence consulting services that include the development of big data architectures, machine learning models, natural language processing algorithms, predictive analytics models, and deep learning models.
Most of their AI projects are focused on AI-enabled software platforms and managed services for AI digital transformation, AI data collection and annotation, and industry-specific business processes.
Looking at its earnings history, Innodata’s revenue has increased by 13.5% over the previous year.
In fact, over the course of last five years, the stock’s price has risen by 376%.
This somewhat makes investors happy despite a weak performance last year.
Investing in Innodata Inc. could help you grow your portfolio while you support the development of artificial intelligence technology.
Innodata is a company that provides content management and data engineering services for data centers and more.
The company has been working on artificial intelligence projects for some time now, and its services are in high demand.
Rekor Systems Inc (NASDAQ: REKR)
Maryland-based Rekor Systems Inc. (NASDAQ: REKR), is one of the best AI stocks to watch out for right now.
This is an AI technology company that develops real-time roadway intelligence solutions.
Its proprietary AI technology addresses key public safety and transportation management issues.
The company’s solutions are used by government agencies, law enforcement, and commercial sectors.
Rekor Systems collects, connects, and organizes mobility data from around the world.
Its AI-driven digital infrastructure operating system, Rekor OneTM, ingests billions of data points from multiple sources.
This data is used to improve transportation systems and make roadways safer.
Rekor Systems’ solutions are used to give law enforcement, government agencies, and commercial use cases more influence over decision-making
It also helps connect the public and private sectors with real-time, actionable vehicle recognition data.
The company increased its revenues by 72% last year to $19.92 million. Moreover, in the last year, the stock has rise 184.76% and is currently touching $2.99.
Evolv Technologies Holdings Inc. (NASDAQ: EVLV)
Evolv Technology is a company that uses artificial intelligence (AI) and sensors to detect concealed weapons.
Their products are deployed at entry points to screen people as they enter a venue.
These products provide a touchless screening method to stop attackers from carrying weapons into public places, schools, and offices.
Evolv’s systems can detect many types of weapons, including: guns, knives, and explosives.
Evolv’s systems allow people to walk through at a regular pace without having to hand over their belongings or slow down. They can scan thousands of people in an hour.
The innovative AI company’s revenues rose to $55.20 million last year, up by 135.95%. The first two quarters of the current year have also seen significant growth over the previous year.
The stock is getting a lot of interest from investors, and at one time it was trading at $7.94. While it has come down to $3.64 now, it is still up by 43.68% year over year.
Qudian Inc. (NYSE:QD)
Qudian Inc is a consumer-oriented technology company in China.
The company operates online platforms to provide small consumer credit products.
It uses AI to improve the online finance experience for its customers.
Qudian also provides technology development and services, and research and development services.
The company offers funds in digital form and merchandise credit products.
Qudian was listed in 2017 and used to trade closer to $9 at one time. However, it saw a huge fall later on during the pandemic era.
There has been renewed investor interest in Qudian as the stock has recovered from $0.90 to $1.96 in the current year, nearly doubling in the process.
Amesite Inc. (NASDAQ: AMST)
Amesite Inc. is an American company that mainly focuses on developing artificial intelligence, machine learning, and data analytics software.
The company has a powerful presence in the retail and e-commerce industry.
Some of Amesite’s major clients include Walmart, Target, Home Depot, Lowe’s, and Amazon.
What’s more, Amesite is a proud Microsoft partner, launching many of its cloud computing based artificial intelligence solutions on the Azure platform.
The company went public in 2019 and is currently trading at a market cap of ~$7 million.
While the stock is not yet profitable, Amesite Inc.’s strong client base and fast-growing artificial intelligence business offer a lot of potential for growth in the future.
Artificial Intelligence Stocks Under $10: Should I Buy Them?
It’s clear that there are some perfectly viable artificial intelligence stocks available on the market for under $10.
The question is, should you invest?
Unfortunately, there’s no clear-cut answer — it all depends on your risk tolerance and how much of a gamble you are willing to take investing in AI technology.
It’s always a good idea to have a backup plan; as they say, never put all your eggs in one basket!
More on Investing in AI Technology
As with any stock, the value of artificial intelligence stocks may not be enough to make a living.
That doesn’t mean they can’t be used as an additional source of income for your portfolio or act as another tool to diversify it.
And, while there can be no guarantees, there are some predictions that artificial intelligence stocks will increase in value every year until 2025 by around 120% to 140% each year.
Where Can You Buy AI Stocks Under $10?
There are different ways to purchase artificial intelligence stocks, and you should do your research before deciding on which company and investment platform to use.
Most of the artificial intelligence stocks that are mentioned above are listed on the New York Stock Exchange and NASDAQ.
This means that there’s a higher likelihood that they’ll be available on online trading platforms.
If you already have an account with an online broker, such as Robinhood, just look for the stock you want and place the order.
Alternatively, you can buy from apps like Webull.
However, not all the stocks within the artificial intelligence industry may be available for purchase on these platforms because they are penny stocks.
In that case, you may need to do some over-the-counter trading.
This type of trading requires a lot more work on the investor’s part.
So if you’re just starting out, you might want to stick with one of the two ways mentioned above until you get used to how stock trading works.
Artificial Intelligence Stocks Under $10: Final Words
In the ever-changing world of technology, it’s important to stay on top of the latest industry news and trends.
There’s no doubt that artificial intelligence is a hot topic to watch in the stock market scene; many companies are investing in this type of technology, so now may be the right time to act.
With an increase in public demand, these companies have potential room for growth in the years to come.
With proper research and forethought, buying into affordable AI companies can be a solid investment opportunity.
Best AI Stocks Under $10 FAQs
What Is the Best AI Stock to Buy Under $10?
Lantronix, Inc. (NASDAQ: LTRX) is a provider of secure communication and management solutions for Internet-of-Things (IoT) and other smart devices. The company’s products enable customers to connect, manage, monitor and secure their devices and data from the edge to the cloud. Given its broad product portfolio and strong competitive position, Lantronix is well-positioned to capitalize on the growing demand for IoT solutions.
What Is the Best Stock for AI?
Nvidia is one of the best stocks for AI because it has been a leader in developing GPUs, which are critical for training and running artificial intelligence algorithms. However, when it comes to stocks under $10, Alithya Inc. could be a good option for investors looking to add AI exposure to their portfolio. An honorable mention that’s not on the list is AudioEye Inc. (NASDAQ: AEYE), which provides digital accessibility solutions.
Are AI Stocks an Excellent Investment?
AI stocks can be an excellent investment for both long-term and short-term traders. Growth stocks backed by promising tech could be profitable in the long haul, while swing traders may want to hold a position until a company sees positive press with the potential to drive up prices.
Are AI Stocks Worth Trading?
There is no definitive answer to this question. Some traders may find AI stocks to be profitable, while others may not. It largely depends on the individual’s trading style and preferences. Plus, the stock market is always changing, so what may be a good investment today may not be tomorrow.
How Do You Invest in AI?
AI stocks investing can be done in a few ways. You can invest in individual companies that focus on AI, such as Nvidia and IBM. If you want to start with something small, investing in stocks under $10 can be a good way to dip your toes into the AI market. One of the best stocks under $10 is Amesite, a semiconductor company that is heavily involved in the development of AI.