13 Best Artificial Intelligence Stocks Under $50 to Buy Now

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5. Alight Inc. (NYSE:ALIT)

Share Price as of May 12: $5.57

Number of Hedge Fund Holders: 42

Alight Inc. (NYSE:ALIT) provides an intuitive, cloud-based employee engagement platform called Alight Worklife. This platform offers integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, and retiree healthcare. The company also operates AI-led capabilities software.

Alight is using AI and Automation within its integrated platform to enhance client value and efficiency. By Q1 2025, about 80% of its clients were using AI in some capacity. This is exemplified by the launch of the AI-powered self-service Leave Administration reporting platform, which is crucial as Leave has only 10% penetration among top clients. Alight Inc. (NYSE:ALIT) is also developing similar AI reporting for Health and Wealth.

The company’s focus on AI and automation is contributing to its profitability and free cash flow growth. Moreover, its strong renewal rates with major clients like Starbucks and Baxter also reflect confidence in its AI-driven vision. On May 9, Daniel Ives from Wedbush maintained his Buy rating on Alight but lowered the price target from $11 to $9.

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