Artificial intelligence (AI) stocks have been performing well, leading to concerns about potential overvaluation and a corrective phase for large-cap companies like Nvidia. However, there are AI stocks trading under $1 that may be worth considering.
These Penny Stocks often operate in niche industries and may not generate the same Revenue as larger companies like Microsoft. Nonetheless, consistent revenue and positive earnings can still yield significant gains.
One such stock is Remark Holdings (MARK), which develops and deploys AI solutions for various applications, including facial recognition software, AI-powered retail analytics, and forensic investigations. The company operates in sectors like retail, healthcare, and hospitality, which are expected to benefit greatly from AI advancements. While its revenue and earnings have been dropping year-over-year, investing in penny stocks inherently carries some risk.
Meta Materials (MMAT) offers a different approach to investing in AI through the creation and manufacture of advanced materials called meta materials. These materials play a crucial role in making everyday products more sustainable and smarter in the context of AI. Despite missing revenue projections in recent quarters and the possibility of delisting, including a Wells notice from the SEC, MMAT stock remains worthy of consideration.
LZG International (LZGI) is another AI stock trading under $1, although it is listed on the OTCQB Ventures Market rather than one of the major exchanges. LZGI is a pure-play AI company that offers AI-driven software called FatBrain, which automates enterprise decision cycles without coding. The company is projected to double its revenue in 2024 and has the potential to become profitable. While it may require effort to own this stock, the potential rewards could be substantial.
Investing in AI stocks under $1 carries inherent risks, such as potential delisting or lack of analyst coverage. However, investors who are knowledgeable about the AI industry and willing to take on some risk may find these stocks to be valuable opportunities.
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