AI Stock Under 10$ To Invest In 2024
AI is making changes to the global industries in many ways. Across industries including healthcare and finance, AI technology is the new solution to improve operations. Going by this growth, investors are willing to invest in AI, but getting cheap AI shares is very difficult. For those who want a way to jump into the bandwagon without a massive commitment, here’s a list of some AI stocks under 10$. Although these stocks have possibilities they are less reliable than those of the established business.
Why Invest In AI Stock?
AI is now altering how companies work, and is making it faster and smarter. Using AI technology firms will be able to perform their operations more efficiently, save on operating costs, and make their customers’ experience a pleasant one. It is also knitting new opportunities, products and services well as modifying the existing ones. Marketplaces today also get funded today, and investing in them now may mean putting money in companies which could soon go up exponentially.
But what you must know is that buying stocks of AI companies for less than $10 is not the same as investing in popular tech firms. Shares at this price level tend to belong to relatively young or relatively small corporation. Some of them are unprofitable businesses and can be more risky, this implies that their prices have very wide ranges. For those willing to accept this risk, there is potentially a cheap and exciting opportunity given by affordable AI stocks.
Top AI Stocks Under $10
Perhaps, the following is a list of AI stocks that you can invest in, and are currently trading below $10. Price volatility is common, so always refer to the current prices each time you’re making a decision regarding this area.
C3.ai (NYSE: AI)
Stock Price: Around $10
Overview: C3.ai is an enterprise AI software company. They are service providers giving a platform for companies to develop AI solutions for multiple purposes ranging from predictive maintenance, fraud detection solutions, and supply chain solutions among others.
Potential: C3.ai has connected clients in many fields, including energy, defense, and healthcare, and therefore enjoys a diversified market base and much room for growth.
Risk: Currently, the company has been in a financial loss-making process while the stock prices have fluctuated greatly.
Ideanomics (NASDAQ: IDEX)
Stock Price: Below $1
Overview: Ideanomics is an AI, clean energy technology company that mainly operates in the EV market and fintech industry. AI is a crucial part of its energy and mobility solutions to improve efficiency and scalability within the organization.
Potential: As it will be seen that with the increasing market for EVs, Ideanomics may benefit. They also have affiliations in the financial technological sector, which has the potential to add of the type of revenues.
Risk: The current price is very small and fluctuates regularly, from 10% up or 10% down, which means that the shares are at present rather risky. Relatively this stock may interest the high-risk takers and is not recommended for those with low risk taking propensity.
BigBear.ai (NYSE: BBAI)
Stock Price: Around $2
Overview: BigBear.ai is an AI driven analytics company that specializes in serving the government and defense industry. The company enables customers to make good decisions from the large volumes of data that are available.
Potential: On the plus side the company targets the government market , especially defense which provides some level of certainty. Availability of AI within public sectors must make BigBear.ai Experience fast advancement.
Risk: Competition still remains a factor and up to date the company has not had stable profits. Potential shareholders must follow the financial status of the company.
SoundHound AI (NASDAQ: SOUN)
Stock Price: Around $3
Overview: Its key technology area is in voice recognition AI. It is used in car, home automation systems and in customer support services.
Potential: SoundHound is the specialized player in the voice recognition that has many partners among the leading car producers and other technologies companies and this fact may also act as growth driver.
Risk: Furthermore, competition of SoundHound with Amazon and Google is very high. It is not easy to maintain market share for the long term.
Palantir Technologies (NYSE: PLTR)
Stock Price: Occasionally drops below $10
Overview: Palantir is AI-centric data analytics software company, which mainly specializes in the governmental contracts. They help out with activities that involve the processing of large data sets in order to generate information.
Potential: The long-term contracts with the government guaranty Palantir stability and steady inflows of revenues. Its technology is now utilized more often by corporate customers also.
Risk: The company takes most of its its revenue from government business, and it is no secret that business with the government is often uncertain. Also, there have been mixed feelings concerning the company’s financial stability of Palantir.
Veritone Inc. (NASDAQ: VERI)
Stock Price: Around $4
Overview: They utilize artificial intelligence in content generation, acquisition and distribution and revenue generation and mainly operate in the media, sports and legal niches. AI solutions assist clients in evaluating and using their content assets.
Potential: As content creation expands at an ever faster pace, Veritone may reap the positives of growing customer base of digital media solutions.
Risk: Veritone’s competition comprises of the traditional AI companies that have specialized in offering AI products and the large technology firms interested in offerings of related products. The company has also faced some challenges in terms of realizing its profits as can be seen in the following abnormalities.
Alteryx Inc. (NYSE: AYX)
Stock Price: Often dips around $9–$10
Overview: Alteryx offer analytical software tools that enable organizations in making sound decisions based on artificial intelligence. It stresses the level of User Interference which is low and mainly targets the non-technical users.
Potential: As more corporates and SMEs seek self-serve capabilities from their AI tools Alteryx could potentially expand.
Risk: Alteryx competes in a competitive environment. It is on record that their growth may be hampered if they do not adopt to change.
Prospective Advantage to Low-Cost AI Shares
Low Entry Barrier: Such opportunities make it possible to get entries for stocks with below $10, meaning minimum capital for investment is not required.
Growth Potential: AI is a growing sector, therefore even though these firms may not be large they can get tremendous value from growth prospects.
Exposure to AI Industry: These stocks give the investors an opportunity to invest in AI and perhaps one of the biggest growth areas of the future.
Potential Dangers of Investing in AI Stocks of $10 or Less
Higher Risk of Volatility: These stocks are even known to exhibit quite volatile behavior arising from a shift in market trends, news from the firms and changes in industries.
Uncertain Profitability: However, most AI companies with low costs to their customers may not be profitable yet, perhaps they still require more resources to work with.
Strong Competition: Large hi-tech firms are placing significant amounts of money in AI. Some of the firms might find it difficult to cope with such challenges especially now that there is stiff competition and little or no monopoly or innovation or a new age technology to boast of.
Final Thoughts
Buying AI company shares with prices below 10 dollars can be a cheap method to enter the AI market. Though, such investments considered relatively riskier than investing in well established organizations. Research is crucial. Consider corresponding technology, market niche, and prospects for further development of each of the companies. As there is always potential of gaining high returns, do not forget that low priced stocks are quite sensitive. If you are ready to bear the risks as associated with such stocks, they give a direct entry into an emerging and promising market area.
Frequent Asked Questions
Are AI stocks under $10 a good investment for beginners?
Yes, AI stocks under $10 can be a good option for beginners because they allow new investors to enter the AI sector without a large initial investment. However, these stocks can be volatile, so it’s essential to research each company’s potential and understand the risks involved in investing in lower-priced stocks.
What are the risks of investing in AI stocks under $10?
AI stocks under $10 are often more volatile and may carry higher risks compared to larger, established tech companies. These stocks may belong to smaller companies with limited resources or emerging technology, so there’s a chance of price fluctuations and potential losses. It’s crucial to diversify and only invest what you can afford to lose.
