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Artificial intelligence (AI) is one of the fastest-growing industries in the world, with a projected market value of over $190 billion by 2025. As AI continues to revolutionize various industries, investors are looking for opportunities to capitalize on this growth.

While many AI stocks are trading at high prices, there are still some hidden gems available for under $10. In this article, we’ll explore the top 5 AI stocks under $10 that have the potential for significant growth.

Why Invest in AI Stocks?

AI technology is being integrated into various industries, including healthcare, finance, retail, and more. This widespread adoption of AI is expected to drive significant growth in the industry, making it an attractive investment opportunity.

Additionally, AI stocks have shown resilience during the COVID-19 pandemic, with many companies in the industry experiencing growth despite the economic downturn. This further solidifies AI as a promising investment option.

AI Stocks Under $10 Have High Growth Potential

AI stocks growthby PiggyBank (https://unsplash.com/@piggybank)

Investing in AI stocks under $10 allows for a higher potential for growth compared to more expensive stocks. As these companies continue to develop and expand their AI technology, their stock prices are likely to increase, providing investors with a significant return on their investment.

Diversify Your Portfolio

Investing in AI stocks under $10 is an excellent way to diversify your portfolio. As AI technology is being integrated into various industries, investing in multiple AI stocks can provide a well-rounded portfolio and reduce risk.

Top 5 AI Stocks Under $10

1. Baidu Inc. (BIDU)

Baidu Inc. is a Chinese multinational technology company that specializes in internet-related services and products, including AI. Baidu’s AI technology is used in various industries, including healthcare, finance, and transportation.

BIDU stock is currently trading at around $7.50, making it an affordable option for investors looking to get into the AI market. With a market cap of over $40 billion and a strong presence in the Chinese market, Baidu has the potential for significant growth in the coming years.

2. NIO Inc. (NIO)

NIO Inc. is a Chinese electric vehicle manufacturer that has been making waves in the industry with its advanced AI technology. NIO’s vehicles are equipped with AI assistants that provide drivers with real-time information and assistance.

NIO stock is currently trading at around $4.50, making it an attractive option for investors looking to get into the electric vehicle and AI market. With a market cap of over $50 billion and a growing demand for electric vehicles, NIO has the potential for significant growth in the future.

3. BlackBerry Limited (BB)

BlackBerry Limited is a Canadian multinational company that specializes in enterprise software and the Internet of Things (IoT). BlackBerry’s AI technology is used in various industries, including healthcare, transportation, and cybersecurity.

BB stock is currently trading at around $9, making it one of the more expensive options on this list. However, with a market cap of over $4 billion and a strong presence in the enterprise software market, BlackBerry has the potential for significant growth in the AI industry.

4. Remark Holdings Inc. (MARK)

Remark Holdings Inc. is a technology company that specializes in AI solutions for various industries, including retail, finance, and healthcare. Remark’s AI technology is used for data analysis, facial recognition, and more.

MARK stock is currently trading at around $1.50, making it the most affordable option on this list. With a market cap of over $100 million and a growing demand for AI solutions, Remark Holdings has the potential for significant growth in the coming years.

5. Veritone Inc. (VERI)

Veritone Inc. is a technology company that specializes in AI solutions for media and entertainment, government, and legal industries. Veritone’s AI technology is used for data analysis, content management, and more.

VERI stock is currently trading at around $8, making it an affordable option for investors looking to get into the AI market. With a market cap of over $300 million and a strong presence in the media and entertainment industry, Veritone has the potential for significant growth in the future.

Risks of Investing in AI Stocks Under $10

While investing in AI stocks under $10 can provide significant growth potential, it’s important to note that these stocks also come with risks. Some of the risks associated with investing in AI stocks under $10 include:

Volatility

Stock market volatilityby Grab (https://unsplash.com/@grab)

As with any stock, AI stocks under $10 can be volatile, meaning their prices can fluctuate significantly. This volatility can be caused by various factors, including market conditions, company performance, and industry trends.

Lack of Established Track Record

Many AI companies are relatively new and do not have an established track record of success. This can make it challenging to predict their future performance and can increase the risk associated with investing in these stocks.

Competition

The AI industry is highly competitive, with many companies vying for market share. This competition can make it challenging for smaller AI companies to gain traction and can impact their stock prices.

How to Invest in AI Stocks Under $10

Investing in AI stocks under $10 can be done through a traditional brokerage account or through a robo-advisor. A robo-advisor is a digital platform that uses algorithms to create and manage investment portfolios.

When investing in AI stocks under $10, it’s essential to do thorough research on the company and its financials before making any investment decisions. It’s also recommended to diversify your portfolio and not put all your investments into one stock.

Conclusion

AI is a rapidly growing industry with significant potential for growth. Investing in AI stocks under $10 can provide investors with an opportunity to capitalize on this growth and diversify their portfolio. However, it’s important to note the risks associated with investing in these stocks and to do thorough research before making any investment decisions.

By considering the top 5 AI stocks under $10 mentioned in this article, investors can potentially see significant returns on their investment in the future.

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