Five AI stocks under $10 to watch in 2023

Artificial intelligence (AI) is a rapidly growing industry that is revolutionizing many sectors. The market for artificial intelligence (AI) is expected to show strong growth in the coming decade. Its value of nearly 100 billion U.S. dollars is expected to grow twentyfold by 2030, up to nearly two trillion U.S. dollarsMany companies are investing in AI technology to gain a competitive edge in their respective markets. As a result, the demand for AI-related stocks is increasing. This article will highlight the top five AI stocks that cost less than $10 and have significant growth potential for the year 2023.

Five AI stocks under $10 for your 2023

1. Ideanomics: Ideanomics is a mobile electric vehicle and fintech enterprise that focuses on commercial truck and bus fleet electrification services, ranging from infrastructure development and construction to operational support. IDEX is a promising penny stock with massive upside potential.
2. 2. Rekor Systems: REKR is leading the transformation of public transportation system management software and data throughout the United States. The company has grown its influence even more by acquiring multiple companies.
3. 3. Amesite INC: Amesite provides a Learning Community Environment AI platform that corporate partners can use for compliance and staff training. Although Amesite started by supplying services to other companies, its true potential lies in the innovative AI platform it has developed.
4. 4. Cootek (Cayman) Inc: Cootek is a “global mobile internet company” that offers mobile phone-based products. Its proprietary AI engine sources relevant information to provide clients with engaging online literary products that complement its popular mobile games.
5. 5. Lantronix: Lantronix is a multinational corporation that sells products to businesses in various sectors, including industrial, financial, energy, healthcare, transportation, security, information technology, and government. Lantronix capitalizes on significant trends in the SaaS, IoT, and AI/ML technological areas, making it an appealing investment opportunity.

In conclusion, these top five AI stocks under $10 offer investors significant growth potential in the AI industry for the year 2023. With the increasing demand for AI technology, these stocks have a high chance of providing investors with substantial returns on their investment. However, investors should conduct their due diligence

Originally published on FxStreet.
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