10 Best Affordable AI Stocks to Buy

7. NICE Ltd. (NASDAQ:NICE)

Forward P/E: 12.41

Analyst Upside: 34.56%

Number of Hedge Fund Holders: 23

NICE Ltd. (NASDAQ:NICE) is one of the best affordable AI stocks to buy. On August 5, NICE Ltd. (NASDAQ:NICE) announced that it has renewed its collaboration with RingCentral, Inc. (NYSE:RNG).

Continuing a decade of partnership, NICE and RingCentral extended their relationship to strengthen integrated AI-powered Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions to transform customer engagement.

“The path ahead is about working together collaboratively to unlock more opportunities — and meet businesses wherever they are in their AI journey to modernize how they connect, collaborate, and serve their customers,” said Scott Russell, CEO of NiCE.

This partnership will offer AI-powered customer experience and focus on re-energizing the channel partner ecosystem. RingCentral Contact Center, powered by NICE CXone Mpower, has long been recognized and sold successfully as a leading integrated solution. With a proven track record of 10 years, NICE and RingCentral have reached heights in the UCaaS and CCaaS market, successfully integrating across markets.

NICE Ltd. (NASDAQ:NICE) is a global enterprise AI software provider. The company serves through these segments: Customer Interactions Solutions, and Financial Crime and Compliance Solutions.