5 Best AI Penny Stocks Under $1

2. Qudian Inc. (NYSE:QD)

Number of Hedge Fund Holders: 7    

Share Price as of December 3: $0.90

Qudian Inc. (NYSE:QD) operates as a consumer-oriented technology company in the People’s Republic of China. It uses artificial intelligence and machine learning to provide credit products and data-driven solutions to finance institutions.  

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm QVT Financial is a leading shareholder in Qudian Inc. (NYSE:QD) with 11.7 million shares worth more than $11.6 million.