10 Artificial Intelligence Stocks Under $10

Published July 8, 2022 at 9:10 am EDT Updated September 7, 2026 at 2:15 pm EDT

In this article, we discuss the 10 best artificial intelligence stocks to invest in that are under $10.

Technology has made amazing leaps and bounds over the past decade. Among recent innovations like autonomous vehicles, machine learning, and cryptocurrency, artificial intelligence has become a major driving force among a myriad of novel inventions. The technology has become rapidly integrated into numerous corporate processes and procedures across the world to boost business performance and customer satisfaction across sectors, as several small and medium-sized companies have begun investing in artificial intelligence to improve the functionality of their business operations at a lower cost.

According to market researcher IDC, the global artificial intelligence market is expected to break the $500 billion mark with a five-year CAGR of 17.5% and total revenues reaching approximately $554.3 billion. The pandemic did much to prove the utility of AI -based business models among corporations, consumers and investors. Industries such as retail, e-commerce, healthcare, manufacturing and logistics made significant investments and progress in technology to balance out the ratios of supply and demand during these periods, resulting in unprecedented growth during the Covid-19 pandemic. This growth is further predicted to occur post-pandemic as well. Based on another report by Fortune Business Insights, the global artificial intelligence market is projected to grow from $387.45 billion in 2022 to $1,394.30 billion by 2029, at a CAGR of 20.1% during the forecast period.

Although several companies make use of AI technologies in their business operations, only a handful of stocks have AI and automation as a central part of their businesses. With the market adapting to technological advancements, it makes sense that investors must do the same. Thus, it would be useful to know which stocks currently present attractive prospects for investors looking into the AI market. Some of the biggest artificial intelligence companies in the world include NVIDIA Corporation (NASDAQ:NVDA), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:FB), among others.

Photo by Andrea De Santis on Unsplash

Our Methodology

For this list, we have noted companies that are operating in the artificial intelligence market. We carefully selected artificial intelligence stocks that are under $10 based on their business fundamentals and growth catalysts.

The hedge fund sentiment around each stock was calculated using the data of 912 hedge funds tracked by Insider Monkey’s database.

10 Artificial Intelligence stocks under $10

10. Duos Technologies Group, Inc. (NASDAQ:DUOT)

Share Price as of July 5: $3.72

Number Of Hedge Fund Holders: 1

Duos Technologies Group, Inc. (NASDAQ:DUOT) is an artificial intelligence company that is involved in the design, development and operation of intelligent technology solutions for inspecting and evaluating moving objects. The company is developing industry solutions for rail, trucking, aviation and other vehicle-based processes.

On June 7, Duos Technologies Group, Inc. joined the NVIDIA Metropolis partner program, an application framework and a set of developer tools that bring a new generation of vision artificial intelligence applications to the market. Northland analyst Michael Latimore placed an Outperform rating and $10 price target on Duos Technologies Group, Inc. after initiating coverage of the company. According to the analyst, the AI firm is “in the unique position to create a market” for automated train and truck safety inspection, and estimates $16.7 million in revenue this fiscal year.

For the first quarter of 2022, Duos Technologies Group, Inc. posted a GAAP EPS of -$0.49, exceeding estimates by $0.04. Revenue stood at $1.44 million for the quarter, surpassing consensus estimates by $439,000. Hudson Bay Capital Management was the only hedge with a stake in the firm at the close of the first quarter, with 135,000 shares worth $726,000.

Along with NVIDIA Corporation, Amazon.com, Inc., and Meta Platforms, Inc., Duos Technologies Group, Inc. is a notable artificial intelligence stock.

9. Alithya Group Inc. (NASDAQ:ALYA)

Share Price as of July 5: $2.40

Number Of Hedge Fund Holders: 3

Alithya Group Inc. (NASDAQ:ALYA) is a Montreal-based information technology and services company that offers data management, enterprise consulting, business strategies, and digital application services through its artificial intelligence and machine learning solutions.

Earlier this June, Alithya Group Inc. announced that it has entered into a binding agreement to acquire Datum Consulting and its affiliates for a purchase price of up to $45.5 million, including potential earn-out considerations of up to $13 million.

At the end of the first quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $11.17 million in Alithya Group Inc.. Out of the hedge funds being tracked by Insider Monkey, Frederick DiSanto’s Ancora Advisors is a leading shareholder in Alithya Group Inc., with 2.66 million shares worth more than $6.9 million.

8. AudioEye, Inc. (NASDAQ:AEYE)

Share Price as of July 5: $6.59

Number Of Hedge Fund Holders: 4

Serving customers across the world, AudioEye, Inc.(NASDAQ:AEYE) is an Arizona-based company that uses its AI-driven platform to deliver real-time monitoring, testing, and resolution of accessibility issues coupled with human-assisted technology.

Earlier this May, B. Riley analyst Zach Cummins lowered his price target on AudioEye, Inc. to $9 from $10.50 and maintained a Buy rating on the shares following the company’s Q1 beat. The analyst believes the stock’s risk/reward remains attractive, especially given the company’s strengthening organic revenue growth, which he says could meaningfully accelerate through ramping platform partnerships.

By the close of the first quarter of 2022, AudioEye, Inc. was found on 4 hedge fund portfolios. The combined stakes of these hedge funds equaled $9.2 million. Of these, J. Carlo Cannell’s Cannell Capital was the most prominent shareholder in the company, owning 697,787 shares of stock which amount to a stake value of $4.75 million.

7. Ideanomics, Inc. (NASDAQ:IDEX)

Share Price as of July 5: $0.66

Number Of Hedge Fund Holders: 4

Ideanomics, Inc. (NASDAQ:IDEX) is a global electric vehicle company that is focused on the adoption of commercial electric vehicles, associated sustainable energy consumption and Fintech. The company has been increasingly shifting focus to using artificial intelligence and blockchain to fund electric vehicles.

On June 23, Ideanomics, Inc., in cooperation with InoBat Auto, announced plans to embark upon a phased investment project based in Indiana, in three stages. First, to open a new R&D and production facility for battery module and pack assembly with an initial annual production capacity of 100 MWh. Both parties then aim to construct a full commercial-scale battery module and pack assembly plant with an initial 2-3 GWh yearly production capacity. The companies are expanding their strategic partnership established in January to develop, produce, and distribute integrated battery pack solutions for the U.S. market.

This March, Ideanomics, Inc. announced that it has finalized its majority ownership stake in Energica Motor Company S.p.A, an Italian manufacturer and distributor of high-performance electric motorcycles. Previously, the company had acquired VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.

By the end of the first quarter of 2022, 4 hedge funds held stakes in Ideanomics, Inc. worth over $11.09 million. Of these, D E Shaw was the most prominent stakeholder in the company, having stakes of more than $10.96 million.

6. Intellicheck, Inc. (NASDAQ:IDN)

Share Price as of July 5: $2.27

Number Of Hedge Fund Holders: 5

Intellicheck, Inc. (NASDAQ:IDN) is an identity verification software company that uses its artificial intelligence platform to provide identity authentication and validation solutions for a number of industries in the United States, Canada, and Mexico.

On June 14, Northland analyst Mike Grondahl lowered the price target on Intellicheck, Inc. to $4 from $6 and maintained an Outperform rating on the shares after what he calls “overall an in-line quarter.” According to the analyst, if Intellicheck, Inc. continues to execute in terms of client expansion and growth into adjacent verticals, 2022 “has the potential to be a stronger year.” He also notes that his price target cut was based on lower multiples.

On June 13, 2022, Intellicheck, Inc. reported earnings for the fiscal first quarter of 2022. According to the company’s earnings report, Intellicheck, Inc. generated revenues of $3.40 million, up 18.60% year-over-year, while its GAAP EPS came in at -$0.08, crossing market estimates by $0.02.

By the end of the first quarter of 2022, 5 hedge funds held stakes in Intellicheck, Inc.. The total value of these stakes came to $501,000. Of these, John Overdeck and David Siegel’s Two Sigma Advisors is the biggest shareholder, with 95,400 shares valued at $243,000.

Intellicheck, Inc. is a cheaper investment option, with promising business fundamentals, to invest in the artificial intelligence sector. Other renowned companies in the AI industry include NVIDIA Corporation, Amazon.com, Inc., and Meta Platforms, Inc..

5. Rekor Systems, Inc. (NASDAQ:REKR)

Share Price as of July 5: $1.85

Number Of Hedge Fund Holders: 5

Rekor Systems, Inc. (NASDAQ:REKR), through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. The company makes use of its Rekor One platform, an AI-driven intelligence platform, to enhance public safety while providing traffic analytics.

This May, B. Riley analyst Zach Cummins lowered the price target on Rekor Systems, Inc. to $7 from $12 but kept a Buy rating on the shares post the Q1 results. The analyst says that although the recurring revenue transition has weighed on near-term revenue and margins, he still anticipates revenue growth will accelerate, with improving margins in the second half of 2022.

On June 21, Rekor Systems, Inc. announced that it has closed its acquisition of Southern Traffic Services. The acquisition is valued at up to $14.5 million, including earnouts, the final amount of which will be based on the achievement of certain performance metrics. Southern Traffic Services will operate as a business unit within Rekor Systems, Inc. and is expected to generate $15 million of revenue for the fiscal year 2022.

As of the end of the first quarter, 5 hedge funds in Insider Monkey’s database held stakes in Rekor Systems, Inc., the same as the preceding quarter. The total value of the stakes held for the quarter amounted to over $22.57 million.

4. Opera Limited (NASDAQ:OPRA)

Share Price as of July 5: 4.80

Number Of Hedge Fund Holders: 5

Opera Limited (NASDAQ:OPRA) is a Norwegian multinational technology company that operates as one of the world’s leading browser providers and an influential player in the field of integrated AI-driven digital content discovery and recommendation platforms. The company’s total user base, including users of its desktop browsers, mobile browsers and other services exceeds 380 million monthly active users.

Earlier this April, Cowen analyst Lance Vitanza lowered the price target on Opera Limited to $15 from $18.50 and maintained an Outperform rating on the shares. The analyst said his target reduction reflects marking non-core assets to market, stating that despite trimming his estimates to reflect the Russia/Ukraine war, he sees no impairment to the business and expects the damage to be contained with a quick recovery once the conflict has ended. Opera Limited also announced a partnership with GameAddik, the game technology subsidiary of ESE Entertainment. The agreement focuses on providing advertising services in connection with the promotion of Opera GX, Opera’s gamer-oriented browser.

By the end of Q1 2022, 5 hedge funds were bullish on Opera Limited, having collective stakes of more than $19.95 million in the growing software company. Among these, Joe Milano’s Greenhouse Funds ranks as the company’s biggest shareholder, with stakes valued at $11.47 million.

3. Veritone, Inc. (NASDAQ:VERI)

Share Price as of July 5: $6.98

Number Of Hedge Fund Holders: 9

Veritone, Inc. (NASDAQ:VERI) is a leading provider of artificial intelligence technology and solutions. The company’s proprietary operating system, aiWARE, orchestrates an expanding ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence.

Earlier this April, UBS analyst Karl Keirstead initiated coverage of Veritone, Inc. with a Neutral rating and $18 price target ahead of its Q1 results. Based on the analyst’s remarks, the stock’s 2022 expected revenue multiple of 3.6-times appears “attractive” given its 25% expected growth rate, but there are risks related to the Amazon customer concentration.

Veritone, Inc. has a market cap of $251.75 million, and its revenue in the first quarter of 2022 came in at $34.41 million. There were 9 hedge funds that reported owning stakes in Veritone, Inc. at the end of the first quarter. The total value of these stakes at the end of Q1 is $24.18 million. Israel Englander’s Millennium Management is one of the firm’s most prominent shareholders.

2. Vivint Smart Home, Inc. (NASDAQ:VVNT)

Share Price as of July 5: $3.69

Number Of Hedge Fund Holders: 13

Vivint Smart Home, Inc. (NASDAQ:VVNT) is a public smart home company that offers an integrated system with in-home consultation, professional installation, and support for houses. The company provides a number of AI-powered devices, ranging from home security to temperature control.

On June 13, JPMorgan analyst Paul Chung lowered his price target on Vivint Smart Home, Inc. to $10 from $11 and maintained an Overweight rating on the shares following a model update.

This May, Vivint Smart Home, Inc. announced a suite of new products that will further enhance the company’s unique smart home experience and provide intelligent new solutions, including an all-new Doorbell Camera Pro, Outdoor Camera Pro, Spotlight Pro, and Indoor Camera Pro. Each new product seamlessly ties into the company’s unique smart home solution, connected by the company’s proprietary AI platform and rich, first-party data environment.

According to Insider Monkey’s Q1 2022 database, 13 hedge funds held stakes worth $18.09 million in Vivint Smart Home, Inc.. This is compared to 11 funds that owned positions in the company in the previous quarter. Fortress Investment Group was the biggest shareholder of Vivint Smart Home, Inc. at the end of the first quarter, with a stake worth $170 million.

1. Yext, Inc. (NYSE:YEXT)

Share Price as of July 5: $4.98

Number Of Hedge Fund Holders: 25

Yext, Inc. (NYSE:YEXT) is a New York-based technology company operating in the area of online brand management. It offers brand updates using its AI-powered network of apps, search engines and other facilities. The company serves thousands of brands across the sectors of healthcare, retail, food service, financial, consumer packaged goods, and direct-to-consumer.

On June 16, Yext, Inc. announced a partnership with Snowflake, Inc. (NYSE:SNOW), a data cloud company, to further improve the analytics functionality of its platform. Yext analytics, powered by Snowflake, aims to allow customers to optimize their digital experiences with insights from search queries, reviews, and other forms of online engagement.

At the end of the first quarter of 2022, 25 hedge funds in the database of Insider Monkey held stakes worth $151.75 million in Yext, Inc., up from 22 the preceding quarter worth $44 million. Out of the hedge funds being tracked by Insider Monkey, Mitchell Green’s Lead Edge Capital is a leading shareholder in Yext, Inc. with over 6.97 million shares worth more than $48.05 million.

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