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? Today, we’re giving you our picks for the best artificial intelligence stocks under $10 to give you an affordable entry point to this tech.
Companies like NVIDIA are making huge advancements in AI technology every day.
If you want to invest in a growing technology space, AI stocks are definitely worth a consideration.
All you need is a solid game plan and a stock to invest in.
Luckily, there are plenty of AI stocks 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 stocks available under $10!
What Is Artificial Intelligence?
Simply put, Artificial Intelligence (AI) is about building smart machines that can perform human tasks, like sending messages and creating content.
AI can be found everywhere nowadays, from self-driving cars to Alexa.
You’ve most likely been using some form of AI in your own day-to-day life without realizing it — that’s how prominent AI has become.
Most large tech companies are heavily investing in this sector, with Google leading the pack in making many different AI technologies available to the public.
As AI-based solutions become less of a sci-fi concept and more commonplace in our everyday lives, many people are speculating that it will affect our future in big ways — and they’re probably right.
The most promising sectors within the artificial intelligence industry are robotics, cloud computing, machine learning, and natural language processing, so be sure to keep an eye on those stocks as you build up your portfolio.
Ready to build your portfolio? With Public.com you can follow other investors, discover companies that are inline with your beliefs, and invest into stocks and crypto with very little money! What are you waiting for? Check out Public Now!
Top AI Stocks Under $10
Want to start investing in AI? Great!
Let’s take a look at some of the best artificial intelligence stocks for under $10 that are available on the stock market now.
Ideanomics, Inc. (NASDAQ: IDEX)
Ideanomics, Inc. is an AI electric vehicle company leading the way in bringing electric cars into the commercial space and promoting sustainable energy consumption.
Its subsidiaries include VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.
Currently, the market capitalization of IDEX is over $886 million, and it has been doing well over the year despite the fluctuating price.
The stock’s average volume is around $8,600,000.
IDEX could be an interesting AI stock to look into if you want to diversify your portfolio with something new.
Also, sustainable energy is an investment that stands to benefit the climate as well as your pockets!
So Investing in EVs can help you double-dip into many markets at once.
Duos Technologies Group, Inc. (NASDAQ: DUOT)
Duos Technologies Group, Inc. is a Florida-based AI company providing software and hardware solutions for building up cloud-based applications.
The company’s focus is on video surveillance, physical security information systems, and many more software solutions to the U.S.
It boasts a market capitalization of $22.295 million, and the average volume of the stock is around $11,900.
Although the exchange rate has fluctuated between $4 (penny stocks range) and $11 throughout the past year, the company can still be considered one of the best artificial intelligence stocks available for under $10.
Lantronix, Inc. (NASDAQ: LTRX)
Lantronix, Inc. is a global AI company located in California that provides hardware-based solutions for data and cyber security and management in industrial automation.
The market capitalization of LTRX is $203 million, while the average volume on the stock has been around $152,000 over the year, making it one of the most traded stocks under $10.
Although the stock has been fluctuating, it could be one of the best affordable AI stocks to add to the portfolio.
Also, this company’s services have many useful applications for data centers, another thriving tech space.
Just as companies thank themselves for investing in data security measures, you too may be thanking yourself later for having invested in data security stocks.
Vivint Smart Home, Inc. (NYSE: VVNT)
Vivint Smart Home, Inc. is a home security and automation company that enables customers to connect with the world around them from anywhere.
The market capitalization of VVNT is around $1.858 billion, while its average volume is about $420,000 over the year.
It’s definitely a contender for the best AI stock under $10, especially as home automation is rising in popularity.
It doesn’t matter if you have $500 or $5 million.
Here’s what I recommend you do with your money right now.
ATTENTION: The following video is a serious financial warning from one of America’s richest men. He believes this event will make the rich even richer while financially affecting countless others and fan the flames of social protest.
It’s free to watch and by doing so I believe you’ll be ahead of everyone else struggling to understand what is really going on. I hope you take advantage of this opportunity!
Similar to other tech stocks, Vivint’s price has also dipped up and down over the course of the year, fluctuating between $8.90 to $24.
So if you get in at less than $10, based on past performance, it could go a lot higher.
Keep in mind though that past performance is not always a sign of future success.
Alithya Group Inc. (NASDAQ: ALYA)
Located in Canada, Alithya Group Inc. provides technical information and management consulting services to consumers such as financial service providers.
The company incorporates machine learning in its professional services.
Alithya Group’s solutions include strategy and information technology planning, organizational management, program evaluation, business analysis, systems development, and digital transformation — all services which are highly valued across a range of industries.
With a market capitalization of $241.183 million and an average volume of around $44,700, Alithya is one of the more traded stocks under $10.
Although Alithya Group Inc.’s stock price has decreased over the year from an exchange rate between $2.48 to around $2.80, it could still be a solid artificial intelligence stock to look into.
Amesite Inc. (NASDAQ: AMST)
Amesite Inc. is a U.S.-based software company that provides artificial intelligence-driven platforms and courses.
Through machine learning, Amesite offers high-quality learning experiences tailored to businesses, universities, K-12 schools, and non-profit organizations.
This forward-thinking company has even partnered with Microsoft in producing collaboration tools, business intelligence solutions, and Microsoft 365 Education so it can provide digital accessibility solutions to its consumers.
Currently, Amesite Inc. has a market capitalization of $40.875 million while its average volume is around $190,000, making it another one of the AI stocks under $10 you should definitely keep on your radar.
Although this AI stock has fluctuated between $1.73 to around $8.50 over the year, it’s an up-and-comer that is well worth a look-in.
With more and more online learning institutions popping up, the demand for education-based AI is sure to grow.
And that’s why this pick made its way on our shortlist of top artificial intelligence stocks.
Qudian Inc. (NYSE: QD)
Founded in 2014, Chinese technology company Qudian Inc. operates a machine learning platform that enhances consumer experience with online financial services.
The company’s innovative technology platform allows credit providers to offer credit to the newest generation of consumers.
It has generated around $408 million in revenue, with an impressive market capitalization of approximately $402.41 billion.
The company is still considered a top artificial intelligence stock under $10 despite fluctuating prices between $1.5 and $13 over the past five years.
Although Qudian Inc.’s stock price has gone down compared to recent years, the company is still doing well and fluctuating within a good exchange rate for investors to look into, depending on their investment strategy and risk-taking levels.
If this artificial intelligence stock drops in value, you may want to consider buying the dip if you feel that it has the potential to jump back up to the $10 mark.
Cheetah Mobile Inc. (NYSE: CMCM)
Cheetah Mobile Inc. is a Chinese mobile internet company that developed the mobile security app Cheetah.
Its services are used by people in China, the U.S., and other international countries, making them a globally relevant company to keep tabs on.
The company provides various products for both Android and iOS devices to enhance user experience with different apps, including CM Security Master Antivirus & VPN, Battery Doctor (Battery Saver), DU Battery Saver, Clean Master (Antivirus & Boosting & AppLock), and CM Locker.
Cheetah Mobile Inc. is a top AI stock under $10 with a market capitalization of around $224 million and an average volume of approximately $214,000.
The company’s high market cap means it has reasonable pricing despite fluctuating prices.
Although Cheetah Mobile Inc.’s stock price has gone down from an exchange rate of $3.4 to around $ 1 over the past year, it is still a highly viable AI stock option for under $10.
Should You Buy AI Stocks Under $10?
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 is a prediction that artificial intelligence stocks will increase in value every year until 2025 by around 120% to 140% each year.
Whether you decide to invest or not, it’s wisest to consult your financial advisor before investing in any company to ensure it is a good fit for your portfolio or risk tolerance level.Stock Advice That Beats The Market! Stock Advisor's recommendations have beaten the market over the past 19 years. Tired of picking losers? Stock Dork readers can join for only $99 a year! Check out Stock Advisor today!
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 can be bought and sold on the New York Stock Exchange and NASDAQ.
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 applications like Webull or directly from the company’s website if they are listed on one of these stock exchanges.
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 engage in over-the-counter trading.
This type of trading requires a lot more work on the investor’s part, including maintaining good relationships with brokers.
If you’re just starting out and this is your first time buying stocks online, it’s best that you stick to 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.
And what better way to test out the industry than purchasing stocks for under $10?
With proper research and forethought, buying into affordable AI companies can be a solid investment opportunity.
Keep in mind that the price ranges mentioned in this article will fluctuate further with time, so make sure to check how much each share costs before making your decision.
Thanks for reading, and happy AI trading!
- Motley Fool Issues: Rare "All In" Buy Alert! All In Stock Buy Signal Has Beaten The Market By 6X
- URGENT BUY: 4 Hypergrowth Cryptos for 2021: Urgent video just released detailing a rare setup in the crypto markets that could send four cryptos soaring
- The Smartest Way to Invest $500 Right Now: It doesn’t matter if you have $500 in savings or $5 million. See what one of America's richest men says you need to do right now.
- 25-Year-Old Prodigy Is America’s #1 Stock Picker: Brand-New Pick, Ticker Symbol and All -- FOR FREE