12 Best AI Penny Stocks to Buy According to Hedge Funds

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7. MicroVision, Inc. (NASDAQ:MVIS)

Number of Hedge Fund Holders: 11

MicroVision, Inc. (NASDAQ:MVIS) is a technology company specializing in automotive lidar sensors and advanced driver-assistance systems (ADAS) solutions. Their product suite includes the MAVIN dynamic view lidar system, which integrates short, medium, and long-range sensing into a single unit, and the MOVIA lidar sensors tailored for industrial applications. Additionally, their MOSAIK software suite automates data classification processes, enhancing machine learning and artificial intelligence projects. These offerings serve sectors such as autonomous vehicles, industrial automation, smart infrastructure, and robotics.

MicroVision, Inc. (NASDAQ:MVIS) is strategically positioning itself in both industrial and automotive LiDAR markets, with industrial sales representing the strongest opportunity for establishing annual recurring revenue streams. The company’s core products offer fully integrated LiDAR hardware and perception software running at low power, which serves as a key differentiator in the market. The company is currently engaged in 7 RFQs with automotive OEMs for passenger vehicles, focusing on L2+ and L3 LiDAR safety applications. MVIS has significantly bolstered its balance sheet through a convertible note facility, with total liquidity of $234 million comprising $81 million in cash, $122.6 million ATM facility availability, and $30 million remaining capital commitment.

MicroVision, Inc. (NASDAQ:MVIS) has streamlined its operations with a reduced annual OpEx run rate of $48 million to $50 million for 2025, extending its runway into 2026. The company maintains a competitive advantage through its ability to scale production at lower costs, utilizing custom silicon and the lowest cost sequential flash LiDAR and MEMS scanning technology. Current production capacity stands at approximately 45,000 units annually on a single shift, providing sufficient capability to meet near-term demand. With at least 11 hedge fund holders, MVIS is one of the best AI penny stocks to buy according to hedge funds.

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