12 Best Multibagger Penny Stocks to Buy Now

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5. Vuzix Corporation (NASDAQ:VUZI)

Stock Performance Over Last Year: 163.86%

Number of Hedge Fund Holders: 5

Share Price as of February 5: $4.38

Vuzix Corporation (NASDAQ:VUZI) leads the AI-driven smart glasses revolution. The company has over 425 patents in optics and augmented reality, making it one of the industry leaders.

Just recently, Vuzix Corporation (NASDAQ:VUZI) launched AugmentOS in partnership with Mentra. This is the first universal operating system for smart glasses. The OS is trailblazing, combining real-time captions, instant translation, and proactive AI assistance with a developer-friendly environment that allows applications to run across multiple smart glasses models.

Vuzix Corporation (NASDAQ:VUZI) also signed a distribution agreement with Evantek. The partnership allows Vuzix to ship its products, particularly the Vuzix M400 smart glasses, to markets across Asia Pacific. These moves are just as timely as they are strategic—they place the company’s stock in a position of strength to continue adding more value into the future.

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