10 AI Stocks To Buy Now Before They Become the Next Apple

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Artificial Intelligence (AI) has become a game changer in every aspect of life.  Companies working on AI are creating unique products that will soon change how business is done. Open AI’s Chat GPT has sprung a new life into the interest in the sector and its securities including small cap stocks and ETFs. It is a great time to invest in these companies and reap short-term and long-term benefits. If not already, AI stocks should be a part of your investment strategy.

Lemonade (NYSE: LMND)

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Lemonade, an insurance company based in New York that utilizes artificial intelligence, primarily operates in the United States and also has some business in Europe. However, the company’s stocks have suffered a significant decline in the past year, decreasing by nearly 45%, which is similar to the trend for most other growth stocks. Lemonade’s losses can be attributed to the launch of new services and the acquisition of Metromile, an auto insurance company.

Despite this, the company has demonstrated positive signs of progress. In the third quarter of 2022, the company’s revenue doubled compared to the same period last year. Gross earned premiums saw a 71% increase, while the customer count rose by 30% year-over-year, reaching 1.8 million. With the current stock price hovering around $17, some investors may view it as undervalued, and 2023 could be a favorable time to invest in this AI-powered insurer, as it has the potential to outperform others.

Appen Limited (ASX: APX)

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Appen Limited is a company based in Australia that specializes in machine learning and artificial intelligence and provides data-sourcing services. Founded in 1996, the company offers language and data services to clients in various sectors, including technology, financial services, and retail, and operates in the Americas, Asia, and Europe. Recently, the company’s stocks have experienced a strong rally.

The recent increase in stock prices can be attributed to the renewed interest in the AI sector, even though the company’s financial performance has been mixed. While Appen is not directly competing with Chat GPT, its AI data can be crucial for other major tech companies. Investors anticipate that the company will perform better in the upcoming full-year results, making it a promising small cap AI stock to invest in.

Remark Holdings Inc. (NASDAQ: MARK)

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Remark Holdings is an artificial intelligence company that provides AI-based solutions for businesses and software developers across various industries, including education, banking, retail, and entertainment. Additionally, the company operates a digital media house that offers marketing services.

Due to its competitive edge in AI, Remark Holdings has secured exclusive marketing partnerships with some of its clients. Although the company’s stock has not performed well over the past 12 months, it has risen by almost 72% year-to-date. With the current stock price still under $2, it may be worth considering as a potential investment option. If the stock continues on its current trajectory, it could be an attractive option for investors seeking a high-yield dividend.

Alithya Group Inc. (NASDAQ: ALYA)

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Alithya Group Inc. provides strategy and digital technology services to clients in North America and Europe. The company’s business strategy services comprise digital transformation, strategic consulting, organizational performance, and enterprise architecture services. It also offers an array of other services, including data analytics, human capital management, enterprise resource planning, and legacy business transformation.

Headquartered in Montreal, the company serves multiple public and private entities across various industries. Despite its low stock prices, Alithya could be a promising investment option as a small market-cap AI stock to monitor.

Qudian Inc. (NYSE: QD)

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Qudian is a China-based online small credit provider that utilizes artificial intelligence to enhance its range of products for clients. These offerings include cash products and installment-based purchases accessible via the company’s platform. Additionally, Qudian provides client-related suggestions to third-party lenders through its platform.

Despite facing several challenges, the company’s stock has experienced an almost 45% price increase over the past year, indicating progress. Given this positive trend, Qudian could be a promising investment opportunity in the near future.

Ideanomics, Inc. (NASDAQ: IDEX)

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Ideanomics is a New York-based multifaceted company that primarily provides fintech services and has interests in the EV industry. The company leverages AI to develop its financial products and has made investments in various AI-based, IoT, and blockchain entities.

Given its strategic focus on the right areas, Ideanomics could be a promising investment opportunity, especially with its current low stock price. The company appears to be on the right track, with its emphasis on AI and other technology-related companies that could pay off well in the future.

Innodata Inc. (NASDAQ: INOD)

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Innodata is a technology company that specializes in data processing and management services, helping clients apply AI and ML solutions to problem-solving. It also offers digital cloud solutions and content creation and enrichment services, serving various industries such as financial services and healthcare across different locations worldwide.

Thanks to the high demand for AI services, Innodata has recently experienced a significant increase in stock prices, and investors are keen to benefit from this trend. Although the company has not posted profits recently, its revenue growth is positive. Despite the volatile nature of Innodata’s share prices, it could potentially yield profits in 2023, the year of AI. However, it’s important to note that the investment carries risks due to market volatility.

Docebo Inc. (NASDAQ: DCBO)

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Docebo Inc. is a SaaS company based in Toronto that offers cloud-based learning management systems (LMS) primarily to clients in North America and Europe. Its platform leverages social learning and AI to help businesses create, manage and deliver engaging and effective online training courses, virtual classrooms, and other programs to their partners, clients, and employees.

In the third quarter of 2022, the company recorded a total revenue of $37 million and net earnings of $10.3 million. As expected, the company’s stock prices have risen due to the growing demand for AI stocks. Docebo is an AI-focused company that deserves attention from investors.

CooTek [Cayman] Inc. (NYSE: CTK)

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CooTek [Cayman] Inc. is a machine learning and big data company that creates apps, including its popular TouchPal Smart Input app, using artificial intelligence (AI). The app is compatible with major mobile operating systems and windows and offers an alternative input method for cellular devices in over 110 languages with approximately 100 million daily active users.

Despite its current stock price being below 50 cents, CooTek has experienced significant growth in the past month due to the rising demand for AI stocks. With its impressive app portfolio, investors should consider CooTek as a potential investment opportunity.

SoundHound AI, Inc. (NASDAQ: SOUN)

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SoundHound AI, Inc. is a Santa Clara, California-based company that specializes in providing high-quality conversational experiences to businesses across various industries through their independent voice artificial intelligence (AI) platform. Their services include conversational voice assistants, automatic speech recognition, natural language understanding, and embedded voice solutions, among others.

In the third quarter of 2022, the company reported nearly tripled revenues. In January, SoundHound AI restructured and laid off 200 employees to operate more efficiently. Recently, the company raised $25 million to reinforce its market position. With fresh investment, SoundHound AI’s stock prices have surged in the past month, coinciding with the robust rally of AI companies in the stock market. As such, it is a good opportunity to consider investing in SoundHound AI as it shows strong potential for further growth.

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This Options Discord Chat is The Real Deal

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This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.

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