10 Most Popular AI Penny Stocks Under $1

3. 2U, Inc. (NASDAQ:TWOU)

Number of Hedge Fund Investors: 10

2U, Inc. (NASDAQ:TWOU), a US-based online learning platform company with global operations and AI integration, reported a 17% drop in total revenue in Q1 2024 to $198.4 million from $238.50 million in the same period the year before. The company attributed this decline to portfolio management activities, which caused some of the programs that were running in 2023 to cease operations in 2024. 2U’s diluted EPS is -$3.90 TTM. Despite a decrease, it is a jump over -$3.93 in 2023 and -$4.17 in 2022. Between 2022 and 2023, the revenue growth rate dropped by -1.78%, from $963.08 million to $945.95 million. On June 6, 2024, the stock price closed at $0.31 per share.

10 out of the 920 hedge funds in Insider Monkey’s database had stock in 2U, Inc. (NASDAQ:TWOU). Mudrick Capital Management is the largest stakeholder in the company, with 1151.92 million shares worth $72,13 million.

One of the most popular AI penny stocks, 2U, has an average volume of 1.82M as of the day of writing this piece, with high growth potential because its stock price has climbed in the last few days, even though it has declined in previous years and over the years.

In general, we think that the market for AI stocks is rising, and although penny stocks are generally risky, they can provide large rewards.