12 Best Artificial Intelligence Stocks Under $50 According to Analysts

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6. Verizon Communications Inc. (NYSE:VZ)

Share Price as of January 5: $40.26

Average Upside Potential as of January 5: 16.74%

Number of Hedge Fund Holders: 57

Verizon Communications Inc. (NYSE:VZ) provides communications and technology services, offering wireless, wireline, and broadband solutions. AI-powered solutions are integrated across various aspects of its business, including network management, customer service, and product development, which allow the company to deliver personalized and efficient service experience.

The company specializes in 5G network products, which power edge computing and AI infrastructure. These products allow for the processing and transmission of datasets for applications in AI including autonomous vehicles, remote surgery, and manufacturing automation.

Verizon Communications Inc. (NYSE:VZ) has recently partnered with NVIDIA to develop an AI-powered enterprise solution. This solution enables the seamless operation of several AI applications over its secure 5G private networks with private Mobile Edge Compute. It’s also exploring new AI-driven initiatives, such as network slicing and satellite connectivity, to create new revenue streams and enhance its competitive advantage.

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