15 Best New Tech Stocks To Invest In

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11. Oddity Tech Ltd. (NASDAQ:ODD)

Market Capitalization as of January 21: $2.55 billion

Number of Hedge Fund Holders: 18

Oddity Tech Ltd. (NASDAQ:ODD) is a consumer technology company that creates and scales digital-first beauty and wellness brands. With the help of AI and data science, it develops innovative products and delivers them directly to consumers globally through its online platform. It also conducts research at ODDITY LABS.

Unlike competitors, its D2C model delivers consistent growth due to early investments in AI/ML technology. The company’s 50+ million user base fuels its AI/ML engine. Its models analyze user behavior, which leads to a 20% increase in conversion rates and a 15% year-over-year increase in customer lifetime value. Its R&D center in Tel Aviv employs top AI/ML talent, which makes up 40% of the company’s platform team. AI/ML initiatives include personalized recommendations which result in a 5% reduction in customer churn rate.

ODDITY LABS focuses on AI-powered solutions for drug discovery, personalized skincare, and novel beauty technologies. Early projections indicate a potential 20% increase in new product development success rates. Oddity Tech Ltd. (NASDAQ:ODD) uses data-driven insights to drive market leadership in the evolving beauty landscape. On January 21, the company acquired Fionic1’s tech IP, including its advanced AI modeling capabilities. Fionic1’s tech IP refers to its intellectual property, specifically its advanced AI algorithms and technology used for modeling real-time data. Fionic joined Oddity Tech Ltd. (NASDAQ:ODD) to enhance its AI models for consumer applications.

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