12 Cheap AI Stocks to Buy Right Now

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7. Concentrix Corporation (NASDAQ:CNXC)

Price to Earnings Ratio: 3.82

Stock Upside Potential: 38.48%

Number of Hedge Fund Holders: 24

Concentrix Corporation (NASDAQ:CNXC) is one of the cheap AI stocks to buy right now. On September 25, the company delivered solid third-quarter results that underlined its strong position as a trusted provider of AI-powered business transformation solutions.

Revenue in the quarter increased 4% year over year to $2.48 billion, driven by a strong demand environment for integrated solutions. Diluted earnings per share came in at $2.78, slightly below $2.87 delivered the same quarter last year.

“Our strategy is aligned with client needs as we help them drive positive business outcomes. By leaning into growth and doing what is right for our clients, we are gaining share and expanding our offerings to drive long-term value for clients and shareholders alike,” said Chris Caldwell, President and CEO of Concentrix

For the fourth quarter, Concentrix expects revenue to average between $2.525 billion and $2.550 billion. It also expects earnings per share of between $2.85 and $2.96. The company also plans to reward passive investors with a quarterly dividend of $0.36, payable on November 4.

Concentrix Corporation (NASDAQ:CNXC) is a technology company that utilizes AI to enhance customer and employee experiences. It provides AI-driven tools and frameworks, such as the Agentic Operating Framework and iX Hero, to help businesses transform processes, improve operational efficiency, and unlock new revenue streams.

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