10 Most Popular AI Penny Stocks Under $1

4. Global Mofy Metaverse Limited (NASDAQ:GMM)

Number of Hedge Fund Investors: 5

On the fourth spot in the list of 10 Most Popular AI Penny Stocks Under $1 is Global Mofy Metaverse Limited (NASDAQ:GMM), a provider of technology solutions that produces virtual content and creates digital assets for usage in the broader digital entertainment market. The company uses its patented “Mofy Lab” technology platform, which combines interactive 3D and artificial intelligence (“AI”) technology, to generate high-definition virtual copies of a wide range of physical world things in 3D, including characters, objects, settings, and more.

Global Mofy Metaverse Limited announced in April that its wholly-owned subsidiary, Gauss AI, has collaborated with Heartdub, a physical simulation technology pioneer based in the United States, to create GAUSSPEED, a generative video AI platform powered by NVIDIA Omniverse technology.

Mr. Haogang Yang, CEO of Global Mofy Metaverse, stated:

“As technology reshapes the entire filmmaking production process and entertainment experience, content creators face extensive challenges. Optimizing traditional workflows in digital entertainment through technological innovation to drive industry advancement is a shared goal among global film production companies, which represents a major opportunity and market expansion for us. Our strategic partnership with Heartdub gives us a competitive advantage, where we execute on a shared vision and leverage our combined resources and technologies, along with leaders like NVIDIA, to transform filmmaking, while creating meaningful near and long-term value for all of our shareholders.”

There are 5 hedge funds in our database for Global Mofy Metaverse Limited (NASDAQ:GMM) during the first quarter of 2024.

The robust development prospects of Global Mofy Metaverse, which are being driven by the growing demand for high-quality digital assets in the digital entertainment industry, provide a bull case for the company. The business has an advantage in the creation of digital assets and virtual content because of its exclusive Mofy Lab technology platform. GMM is positioned to benefit from the AI revolution and the emerging Metaverse as indicated by the revenue growth rate of 56% year over year.