11 Best AI Penny Stocks to Invest in Now

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1. Grab Holdings Ltd (NASDAQ:GRAB)

Number of hedge funds positions: 37

Leading our list of best AI penny stocks to invest in now is Grab Holdings Ltd (NASDAQ:GRAB). The Singapore-based multinational technology company is operating a platform that can be used for ride hailing, food delivery and mobile digital payment. Grab Holdings Ltd (NASDAQ:GRAB)’s platform is available in several Asian countries, including Singapore, Malaysia, Cambodia, Thailand. Vietnam, and the Philippines. Grab relies on AI to enhance customer experience. The company also operates GrabMaps platform and to make the maps more precise, Grab Holdings Ltd (NASDAQ:GRAB) relies on small action cameras to collect billions of images. The cameras, called KartaCam, rely on AI to ensure that only the best-quality images are uploaded and used.

Grab Holdings Ltd (NASDAQ:GRAB) saw 37 funds among those tracked by Insider Monkey holding shares as of the end of March, unchanged over the quarter. The top shareholder of Grab Holdings Ltd (NASDAQ:GRAB) is Chase Coleman‘s Tiger Global Management, which owns 66.80 million shares as of the end of March, having raised the position by 31% during the quarter.

If you are looking for an AI stock that is more promising than Micron but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Read Next: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

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