5 Penny Stocks Poised To Explode

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1. Aurora Innovation, Inc. (NASDAQ:AUR)

Number of Hedge Fund Holders: 21

Aurora Innovation, Inc. (NASDAQ:AUR) is a firm that develops self driving technologies and is headquartered in Pittsburgh, Pennsylvania. Its software platform aims to provide a single solution for cars, trucks, and light commercial vehicles.

Aurora Innovation, Inc. (NASDAQ:AUR) outlined that it is making progress with its self driving platform during its second quarter earnings report. The firm stated that it expects the platform to have integrated all features by the first quarter of next year, and be ready for commercialization by the end of 2023. The company has also launched a pilot platform with FedEx that allows it to autonomously haul FedEx’s loads between Dallas and Houston, and Fort Worth and El Paso.

Bloomberg reported in August 2022 that the firm’s CEO is looking to sell his company to either Apple or Microsoft. DA Davidson reduced the company’s share price target to $8 from $14.25 in September 2022, stating that the firm has strong long term positioning in the market. By the end of this year’s second quarter, 21 out of the 895 hedge funds had invested in Aurora Innovation, Inc. (NASDAQ:AUR).

Disclosure: None. You can also take a look at 10 Small-Cap Stocks that Pay Dividends and 10 Biggest Industries In the US.

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