12 Best American Penny Stocks to Buy Right Now

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8. Alight, Inc. (NYSE:ALIT)

Share Price: $2.39

Number of Hedge Fund Holders: 30

Alight, Inc. (NYSE:ALIT) is one of the best American penny stocks to buy right now. On October 30, Alight, Inc. (NYSE:ALIT) announced an expanded multi-year partnership with IBM to combine IBM watsonx with its own offerings as the company aims to improve how employee benefits are managed and make business operations more efficient.

Through this expanded partnership, Alight, Inc. (NYSE:ALIT) is focusing on digital transformation by equipping clients with AI-powered tools, which will offer hyper-personalized benefits and support for employees.

IBM and Alight, Inc. (NYSE:ALIT) will also set up a virtual AI innovation hub with an aim to speed up the redesigning of business processes, develop new AI solutions, and encourage continuous innovation. Experts from both companies will work together with Alight, Inc.’s (NYSE:ALIT) clients to identify and test AI use cases, improve benefit guidance like leave of absence support, and build new features tailored to client needs.

A key part of this partnership is IBM watsonx Orchestrate. This product offers over 500 tools and customizable agents that are domain-specific from IBM and its partners. Alight, Inc. (NYSE:ALIT) will use this product to automate workflows and improve the flow of information within its systems, applications, and AI agents. This will help break down silos and speed up the delivery of new features across Alight, Inc.’s (NYSE:ALIT) enterprise data network. The partnership will also include the use of watsonx Orchestrate Agent Catalog, which is a marketplace that helps identify, deploy, and improve enterprise agents from IBM, its partners, and custom builds.

Alight, Inc. (NYSE:ALIT) is a leading cloud-based human capital technology and services provider. The company’s Alight Worklife platform helps organizations manage employee benefits like healthcare, payroll, and wellbeing.

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