10 Best Penny Stocks Under $1 According to Hedge Funds

8. Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI)

Number of Hedge Fund Holders: 5 

Stock Price as of Last Close of May 12: $0.41 

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) is among the best penny stocks under $1.

TheFly reported that FFAI reported Q1 2026 results on May 14, 2026, with Embodied AI robotics generating initial sales revenue and early gross profitability. The company shipped 68 EAI robots as of April 30, 2026, and targets 200 units in the first shipment quarter and over 1,500 units in 2026. Revenue rose to $512,000 from $316,000, nearly matching full-year 2025 revenue of $536,000, with ecosystem revenue at 26%. Stockholders’ equity increased 148% to $19.2 million, net loss from operations improved to $35.9 million, down 18%; G&A declined 33% to $9.2 million, and operating cash outflow rose 55% to $31.5 million. The company continues scaling its AI-driven ecosystem strategy across robotics, data systems, and platform development.

Apart from that, earlier this month, on May 8, Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) announced the execution of a memorandum of understanding to form a strategic partnership between its AI-Robotics division and Boston International Business School. The collaboration is intended to establish the BIBS–FF AI Robotics Institute, with a joint focus on advancing education and development in robotics and artificial intelligence.

The signing and launch event took place in Omaha during the Berkshire Hathaway annual shareholders meeting. The agreement remains non-binding at this stage, and final definitive contracts are still subject to negotiation and approval by the Faraday Future board of directors. The initiative reflects the company’s broader effort to expand its AI robotics ecosystem through academic and institutional partnerships while supporting long-term development of its technology platform and related applications.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) is a California-based intelligent mobility company headquartered in Gardena. It began as an EV startup and now focuses on AI-driven mobility and robotics, including embodied AI and automotive robotics.

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