5 Best Artificial Intelligence Stocks Under $10

1. Nerdy Inc. (NYSE:NRDY)

Number of Hedge Fund Holders: 22

Share Price as of July 16: $4.39

There were 22 hedge funds long Nerdy Inc. (NYSE:NRDY) in the first quarter, with a total stake value of $103 million.

As of May 19, Ryan MacDonald at Needham holds a Buy rating on Nerdy Inc. (NYSE:NRDY) shares, alongside a $5 price target.

Nerdy Inc. (NYSE:NRDY) provides an online learning platform that uses technology and AI to deliver personalized learning experiences. The company’s use of AI allows it to pick the ideal tutor according to each learner’s unique needs, and it also announced early in 2023 that it will be launching two new AI-based products while integrating ChatGPT into its services.

Baron Funds said the following about Nerdy Inc. (NYSE:NRDY) in its fourth-quarter 2021 investor letter:

“Nerdy Inc. operates a digital learning platform in the U.S. that provides live online tutoring in multiple formats, including one-on-one and small-to-large groups. The offering includes K-12 courses, college, professional, GMAT, SAT, and other prep. Though bookings for future classes remained healthy, many sessions were delayed from the fourth quarter as families opted to take longer holiday trips and kids resumed afterschool activities, making it more difficult to schedule tutoring, resulting in weaker-than-projected recognized revenues. Given near-term uncertainty, a short-term tax loss, and other investment opportunities, we chose to exit the position.”

See also 15 Best Artificial Intelligence (AI) Stocks to Buy and The Future of Artificial Intelligence.