15 Best AI Stocks Under $10 to Buy Now

10. Palladyne AI Corp (NASDAQ:PDYN)

Stock Price: $6.96

Number of Hedge Fund Holders: 15

Stock Upside Potential: 88.44%

Palladyne AI Corp (NASDAQ:PDYN) is one of the best AI stocks under $10 to buy now. The stock is backed by 15 hedge funds, and analysts expect the shares to surge more than 88% from the current price over the next 12 months. Palladyne shares are already up roughly 50% year-to-date.

On June 16, Palladyne AI Corp (NASDAQ:PDYN) announced that it tested its drone-swarming software during a recent US Army exercise. The company said that its SwarmOS software and Gremlin-X reusable mini-bomber drone were put to demanding tests during the exercise and proved their capability. The live multi-domain fire support and command-control exercise was conducted by the 4th Infantry Division of the US Army.

In that exercise, Palladyne integrated its SwarmOS software with the Army’s command-and-control system. This enabled a single operator to control multiple drones doing different tasks simultaneously. It said the software worked in a difficult environment without cloud dependency.

Palladyne co-founder and chief technology officer, Denis Garagic, commented that they cleared a key technical threshold for battlefield autonomy. Garagic noted that SwarmOS enabled a fleet of drones to autonomously adapt in real-time while operating within the Army’s own command and control platform.

According to Palladyne, the success of the exercise brings it closer to potential operational force inclusion and additional Pentagon programs.

Founded in 1983 and based in Utah, Palladyne AI Corp (NASDAQ:PDYN) provides AI software for defense and industrial applications. Its edge-based technology enables robots and drones to autonomously learn and adapt in real-time to changing environments without needing constant cloud connectivity.

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