12 Cheap AI Stocks to Buy Right Now

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5. Kyndryl Holdings, Inc. (NYSE:KD)

Price to Earnings Ratio: 13.33

Stock Upside Potential: 33.90%

Number of Hedge Fund Holders: 36

Kyndryl Holdings, Inc. (NYSE:KD) is one of the cheap AI stocks to buy right now. On September 3, at Citi’s 2025 Global Technology, Media, and Telecommunications Conference, the company affirmed its strategic transformation following its spinoff.

Following the spinoff, the company remains focused on investing in new capabilities while also pursuing partnerships to accelerate growth. Part of the strategy also entails focusing on advanced delivery and targeting Focus Accounts that have contributed $925 million in annualized benefits, with a goal of $1 billion per year.

Kyndryl has already established partnerships with major hyperscalers, including Microsoft and Google, as it seeks to capitalize on the AI boom. The company sees artificial intelligence as a significant growth Driver that should enhance efficiency and result in positive customer experiences. The efforts are expected to enable the company to triple its cash flow, double its profit, and achieve mid-single-digit revenue growth.

Kyndryl Holdings Inc. (NYSE:KD) provides comprehensive AI services focused on strategy, implementation, and governance, helping businesses adopt generative AI by building AI-ready infrastructures, modernizing applications, and ensuring data quality and security.

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