5 Best AI Stocks Under $50

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1. Sonos, Inc. (NASDAQ: SONO)

Number of Hedge Fund Holders: 43
Share Price as of May 12, 2021: $31.49 per share
Total Value of Hedge Fund Holdings: $603,252,000

Topping the 10 best AI stocks under $10 is Sonos, Inc. (NASDAQ:SONO). The California-based developer and manufacturer use artificial intelligence to keep its audio platform aggressive on the market. On February 11, Morgan Stanley maintained its Overweight rating on Sonos and raised the price target to $45. Sonos, Inc. has a market cap of $3.7 billion. Sonos, Inc.’s GAAP net income came in at $79.2 million in 2020. Shares of SONO surged 246% over the last twelve days. 

There were 43 hedge funds that reported owning stakes in Sonos, Inc. (NASDAQ:SONO) at the end of the fourth quarter, up from 32 funds a quarter earlier. The total value of these stakes at the end of Q4 is $603 million. 

You can also take a peek at 10 Best Wind Energy and Renewables Stocks to Buy in 2021 and 10 Best Video Conferencing Stocks to Buy.

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