Five AI stocks under $10 to watch in 2023

Ronald Kaufman Independent Analyst

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 (IDEX): 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. Rekor Systems (REKR): 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. 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. 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. 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

Author

Ronald Kaufman

Independent Analyst

Ronald Kaufman a writer and blogger active in the fields of foodtech, pharma, cyber, biotech and more. Ronald writes for leading publications about a number of topics.

EUR/USD onsolidates around mid-1.1800s as traders keenly await FOMC Minutes

The EUR/USD pair struggles to capitalize on the previous day's goodish rebound from the 1.1800 neighborhood, or a one-and-a-half-week low, and consolidates in a narrow band during the Asian session on Wednesday. Spot prices currently trade just below mid-1.1800s, nearly unchanged for the day.

When is the UK CPI data and how could it affect GBP/USD?

The United Kingdom Consumer Price Index data for January is scheduled to be published today at 07:00 GMT. GBP/USD trades slightly lower at around 1.3556 as of writing. The 20-period Exponential Moving Average trends lower at 1.3593 and continues to cap rebounds. Price holds beneath this gauge, maintaining a short-term bearish bias.

Gold: Is the $5,000 level back in sight for XAU/USD?

Gold snaps a two-day downtrend, as recovery gathers traction toward $5,000 on Wednesday. The US Dollar recovers from the overnight sell-off as rebalancing trades resume ahead of Fed Minutes. The 38.2% Fib support holds on the daily chart for now. What does that mean for Gold?

Top Crypto Gainers: Jito drops, Morpho holds steady, Convex Finance climbs

Decentralized Finance tokens, including Jito, Morpho, and Convex Finance, rank among the top-performing crypto assets over the last 24 hours. Jito dips on Wednesday after rallying 22% the previous day on the launch of a new mainnet node.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.