13 Best AI Stocks to Buy Under $20

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10. Lantronix, Inc. (NASDAQ:LTRX)

Share Price: $4.74

Number of Hedge Fund Holders: 9

Lantronix Inc. (NASDAQ:LTRX) is one of the best AI stocks to buy under $20. On October 20, the company entered into a strategic partnership with Vodafone IoT to come up with a platform that helps businesses optimize performance and unlock recurring revenue opportunities

The two companies are set to launch Kompress.ai, an AI-powered subscription platform targeting the industrial air compressor market. The brand-agnostic AI-powered subscription platform is designed to transform the $27 billion global industrial air compressor market by cutting costs and reducing downtime.

Kompress.ai also combines Lantronix’s Edge hardware and cloud intelligence with Vodafone’s global IoT connectivity. Consequently, it should enable real-time insights and automation for compressor fleets. With AI-powered optimization, operators should be able to meet operational and environmental performance goals.

“Kompress.ai by Lantronix is a scalable SaaS solution designed to generate long-term, high-margin recurring revenue while addressing urgent market needs in industrial efficiency and sustainability,” said Mathi Gurusamy, Chief Strategy Officer at Lantronix. “This platform expands our total addressable market and aligns with global energy and ESG trends that are reshaping enterprise purchasing priorities.”

Lantronix Inc. (NASDAQ:LTRX) is a global provider of Edge AI and Industrial IoT solutions, offering a range of hardware, software, and engineering services to enable intelligent, secure, and connected devices. Their products and services are used by businesses to develop and manage connected products across industries such as smart cities, automotive, and enterprise, facilitating secure remote management and high-speed connectivity.

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