In this article, we will be taking a look at the 5 best artificial intelligence stocks under $10. To read our detailed analysis of the artificial intelligence industry, you can go directly to see the 10 Best Artificial Intelligence Stocks Under $10.
5. CXApp Inc. (NASDAQ:CXAI)
Number of Hedge Fund Holders: 10
Share Price as of July 16: $8.19
CXApp Inc. (NASDAQ:CXAI) is an information technology company. It is based in Palo Alto, California.
The company offers an AI-based analytics platform with a full-stack software solution for enterprises. CXApp Inc. (NASDAQ:CXAI) also provides an enterprise employee application and augmented reality technologies.
A total of 10 hedge funds were long CXApp Inc. (NASDAQ:CXAI) in the first quarter. Their total stake value was $875,000.
Follow Cxapp Inc.
Follow Cxapp Inc.
4. BigBear.ai Inc. (NYSE:BBAI)
Number of Hedge Fund Holders: 15
Share Price as of July 16: $2.03
Our hedge fund data shows 15 funds holding stakes in BigBear.ai Inc. (NYSE:BBAI) in the first quarter, with a total stake value of $6.01 million.
BigBear.ai Inc. (NYSE:BBAI) is an IT consulting company based in Columbia, Maryland. It offers AI and machine learning products and services for decision support. The company’s AI-powered solutions are used in the global supply chains and logistics, autonomous systems, and cyber markets.
Follow Bigbear.ai Holdings Inc.
Follow Bigbear.ai Holdings Inc.
3. FiscalNote Holdings Inc. (NYSE:NOTE)
Number of Hedge Fund Holders: 15
Share Price as of July 16: $3.93
Michael Latimore at Northland Capital Markets holds an Outperform rating on FiscalNote Holdings Inc. (NYSE:NOTE) shares as of July 14, alongside a price target of $9.
FiscalNote Holdings Inc. (NYSE:NOTE) is a research and consulting services company based in Washington, District of Columbia. The company uses AI, machine learning, and other technologies with analytics, workflow tools, and expert research to provide businesses and other organizations with its consulting services.
In total, 15 hedge funds were long FiscalNote Holdings Inc. (NYSE:NOTE) at the end of the first quarter. Their total stake value in the company was $77.6 million.
Follow Fiscalnote Holdings Inc.
Follow Fiscalnote Holdings Inc.
2. SES AI Corporation (NYSE:SES)
Number of Hedge Fund Holders: 19
Share Price as of July 16: $2.60
SES AI Corporation (NYSE:SES) is a battery manufacturing company that has been developing a Mine-to-Man AI software system for its Li-Metal batteries. The company also uses machine learning and an AI-powered algorithm to optimize the performance of its batteries.
SES AI Corporation (NYSE:SES) was spotted in the 13F holdings of 19 hedge funds in the first quarter, with a total stake value of $12.5 million.
Follow Ses Ai Corp
Follow Ses Ai Corp
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.”
Follow Nerdy Inc.
Follow Nerdy Inc.
See also 15 Best Artificial Intelligence (AI) Stocks to Buy and The Future of Artificial Intelligence.
