7 Best NASDAQ Stocks Under $5

2. Grab Holdings Limited (NASDAQ:GRAB)

Stock Price as of September 27: $3.85

Number of Hedge Fund Holders: 34

Grab Holdings Limited (NASDAQ:GRAB), headquartered in Singapore, operates a super-app that combines ride-hailing, food delivery, and digital payment services. It caters to a diverse customer base across eight Southeast Asian nations, including Singapore, Malaysia, Indonesia, and Vietnam.

The multifaceted platform provides transportation, on-demand food services and extends to financial offerings, which makes it a comprehensive “everyday everything app.” By integrating various functionalities, the company improves convenience and accessibility for users in the region. It ranks 2nd on our current list of best NASDAQ stocks under $5.

What makes Grab Holdings (NASDAQ:GRAB) a possibly attractive investment opportunity is its dominant market position in Southeast Asia. Following the acquisition of Uber’s operations in the region in 2018, the company has solidified its near-monopoly status.

The stronghold allows the company to capture a significant share of the growing demand for digital services in one of the world’s most dynamic markets. With a strong user base and a strong brand presence, the company is well-positioned to capitalize on future growth opportunities.

A key factor setting Grab Holdings (NASDAQ:GRAB) apart is its deep integration of artificial intelligence across its operations. The company employs AI technologies to improve various aspects of the user experience, including content creation, driver management, and predictive service suggestions.

In May, it announced a partnership with OpenAI to develop advanced AI solutions, aiming to improve experiences for users, partners, and employees alike. The collaboration involves deploying tools tailored specifically for Southeast Asian markets, which is evidence of its focus on leveraging cutting-edge technology.

During the second quarter, the company introduced AI-powered dish descriptions in five of its eight markets, resulting in improvements in checkout rates among long-tail merchant partners. CEO Anthony Tan emphasized that such innovations are just a glimpse of how the company is using foundational AI capabilities to enhance its marketplace.