11 Best AI Penny Stocks to Invest in Now

2. Vimeo Inc (NASDAQ:VMEO)

Number of hedge funds positions: 26

Vimeo Inc (NASDAQ:VMEO) ranks second among best AI penny stocks to invest in now. Vimeo operates a video hosting and sharing platform. Businesses and content creators subscribe to Vimeo and can use the platform and tools provided by it to edit and broadcast video in high-definition format. Recently, Vimeo Inc (NASDAQ:VMEO) has integrated AI into its platform. AI helps users quickly provide text summaries, generate short highlight reels, and provide interactive Q&A that allows viewers to ask questions and get answers.

Steven Baughman‘s Divisar Capital is the largest shareholder of Vimeo Inc (NASDAQ:VMEO) among the investors in our database. Divisar upped its stake by 22% to 7.59 million shares during the first quarter and had previously increased its position in the previous two quarters by 38% and 121%, respectively.