12 Best Multibagger Penny Stocks to Buy Now

1. KULR Technology Group, Inc. (NYSE:KULR)

Stock Performance Over Last Year: 1,165.63%

Number of Hedge Fund Holders: 1

Share Price as of February 5: $2.02

KULR Technology Group, Inc. (NYSE:KULR) is a leading provider of next-generation energy management technologies for aerospace, defense, and consumer electronics applications. The company specializes in cutting-edge energy storage solutions and thermal management systems.

KULR Technology Group, Inc. (NYSE:KULR) has recently made significant strategic moves to capitalize on the growing AI infrastructure market. It recently announced a key partnership with EDOM Technology, a premier NVIDIA Channel Partner. The partnership will deliver its innovative KULR Xero Vibe™ and KULR ONE product lines to Taiwan’s AI supply chain ecosystem. The company has also secured important licensing partnerships for data center cooling and advanced semiconductor solutions.

KULR Technology Group, Inc.’s (NYSE:KULR) aggressive expansion into AI infrastructure cooling solutions, combined with its strong balance sheet management strategy – including allocating up to 90% of surplus cash to bitcoin as a treasury asset – has attracted significant investor interest. The company’s focus on thermal management solutions for high-performance computing and AI applications positions it well to benefit from the ongoing AI infrastructure buildout, particularly as power consumption and cooling become critical challenges in data centers.

While we acknowledge the potential of KULR Technology Group, Inc. (NYSE:KULR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than KULR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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