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The top 10 AI Penny Stocks under $1 to buy for good income in 2023 that are smart investments
In the tech market, artificial intelligence companies are thriving to cultivate real-time data and transform it into meaningful and in-depth insights. As a result, there is a high demand for AI stocks offered by artificial intelligence companies. There are thousands of AI stocks priced under $1, but let's look at some of the top ten AI penny stocks under $1 in 2023 for smart investing.
1. OneConnect Financial Technology Co., Ltd. (NYSE: OCFT)
Number of Hedge Fund Holders: 8
Share Price as of December 3: $0.73
OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) provides financial institutions in the People's Republic of China with cloud-platform-based Fintech solutions as well as online information and operational support services. To automate the lending process, the company employs artificial intelligence software.
2. Qudian Inc. (NYSE:QD)
Number of Hedge Fund Holders: 7
Share Price as of December 3: $0.90
In the People's Republic of China, Qudian Inc. (NYSE: QD) is a consumer-oriented technology company. It provides credit products and data-driven solutions to financial institutions by leveraging artificial intelligence and machine learning.
3. Ideanomics, Inc. (NASDAQ: IDEX)
Number of Hedge Fund Holders: 6
Share Price as of December 3: $0.23
Ideanomics, Inc. (NASDAQ: IDEX) creates zero-emission mobility solutions for commercial vehicle markets in Asia and the United States. The company is developing several of artificial intelligence products, including digital asset enablement using AI and blockchain. Ideanomics announced on November 14 that it had secured strategic financing from DLL, a global financial solution provider, to fuel the growth of its subsidiary Solectrac.
4. Amesite Inc. (NASDAQ: AMST)
Number of Hedge Fund Holders: 3
Share Price as of December 3: $0.31
Amesite Inc. (NASDAQ: AMST) is a platform and course designer powered by artificial intelligence that offers online products in the United States. Amesite announced on August 30 that it had entered into securities purchase agreements with institutional investors for the purchase and sale of 4,181,821 shares of common stock and warrants to purchase 4,181,821 shares of common stock for a total purchase price of $0.55 per share. The gross proceeds from this offering are expected to be around $2.3 million for Amesite.
5. Aurora Mobile Limited (NASDAQ: JG)
Number of Hedge Fund Holders: 3
Share Price as of December 3: $0.89
Aurora Mobile Limited (NASDAQ: JG) is a Chinese mobile app development service provider. For data coverage and analytics, the company employs artificial intelligence and machine learning. Aurora Mobile Limited announced on November 17 that it has become one of the first data providers of the Shenzhen Data Exchange.
6. Oblong, Inc. (NASDAQ: OBLG)
Number of Hedge Fund Holders: 3
Share Price as of December 3: $0.17
Oblong, Inc. (NASDAQ: OBLG) is a global provider of multi-stream collaboration technologies and managed services for video collaboration and network applications. The company is working with IBM on the development of a Cloud Video Surveillance System that will use artificial intelligence for enhanced analysis.
7. Predictive Oncology Inc. (NASDAQ: POAI)
Number of Hedge Fund Holders: 2
Share Price as of December 3: $0.55
Predictive Oncology Inc. (NASDAQ: POAI) is a knowledge-driven company based in the United States that focuses on developinpersonalizeded cancer therapies using artificial intelligence (AI). The firm's AI platform allows customers to compare tumor samples against patient populations of over 150,00tumorur samples and keeps active clinical testing records.
8. Inuvo, Inc. (NYSE:INUV)
Number of Hedge Fund Holders: 2
Share Price as of December 3: $0.30
Inuvo, Inc. (NYSE: INUV) is a technology company based in the United States that develops and sells information technology solutions. To provide consumer data anmodelingng, the company employs artificial intelligence. Inuvo Inc reported earnings for the third quarter of 2022 on November 15, reporting losses per share of $0.03, missing market estimates by $0.01.
9. Remark Holdings, Inc. (NASDAQ: MARK)
Number of Hedge Fund Holders: 1
Share Price as of December 3: $0.24
The primary focus of Remark Holdings, Inc. (NASDAQ: MARK) is the development and deployment of artificial intelligence-based solutions for businesses and software developers. One of the firm's leading products is video analytics, where the AI platform is known for intelligent, dependable, and fast performance. Remark Holdings reported earnings for the third quarter of 2022 on November 15, reporting losses per share of $0.08.
10. Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS)
Number of Hedge Fund Holders: 1
Share Price as of December 3: $0.14
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) principally serves the Chinese market with software applications and technology solutions and services. In some of these applications, such as biometric face and fingerprint recognition, the company employs artificial intelligence technologies. Powerbridge Technologies Co announced on November 14 that it had acquired a 19% stake in DTI Group, a technology firm specializing in international digitalization and platforms. The deal's financial specifics were not disclosed. Power Technologies' stock rose 3% following the announcement of the transaction.