11 Penny Stocks That Will Make You A Millionaire

8. NANO-X IMAGING LTD (NASDAQ:NNOX)

Number of Hedge Fund Holders: 6

NANO-X IMAGING LTD (NASDAQ:NNOX) is a healthcare company based in Israel. It develops a commercial-grade tomographic imaging device with a digital X-ray source and provides teleradiology services.

Travis Johnson has guessed that NANO-X IMAGING LTD (NASDAQ:NNOX) is the company James Altucher was referring to in his stock teaser, found in the Microcap Millionaire newsletter. Here’s what Altucher said about the company:

“Founded by a serial entrepreneur who established more than 20 companies and set up more than 70 patents… has access to 30 million patient record and 500 million medical images. Revenues up 1,000% from two years ago… Steve Cohen from Point72 bought over $3 million worth of the stock just a few months ago. Cathy Wood and Ken Griffin both bought, too, about $3 million each.”

NANO-X IMAGING LTD (NASDAQ:NNOX) has recently been considered a stock with great upside potential, with analysts expecting the stock to rise by 122.2%. This may in some way be related to the company’s connection to AI-giant NVIDIA since NVIDIA owns a partial amount of NANO-X IMAGING LTD (NASDAQ:NNOX) because of an earlier partnership between the two companies.

This stock may also be worth considering because it effectively deploys AI in real-world medical imagining applications. A significant part of the company’s revenue in the second quarter, amounting to about $113,000, was generated through the sales of its AI solutions as well.

There were six hedge funds long NANO-X IMAGING LTD (NASDAQ:NNOX) in the second quarter, with a total stake value of $4.3 million.