5 Best AI Stocks Under $50 to Buy Right Now

4. Magnite Inc. (NASDAQ:MGNI)

Number of Hedge Fund Holders: 41

Magnite Inc. (NASDAQ:MGNI) is one of the best AI stocks under $50 to buy right now. On April 27, Magnite announced an expansion of its AI suite, introducing intelligent assistance and agentic execution capabilities. Designed to reduce friction in the increasingly complex CTV and premium media landscapes, these tools aim to automate workflows for both publishers and advertisers.

The launch includes a new buyer agent currently being tested by partners like Kepler and MiQ, using inventory from Disney Advertising to streamline campaign activation and performance response. For media owners, Magnite Inc. (NASDAQ:MGNI) is upgrading its SpringServe video platform with AI-supported mediation features. These enhancements include real-time anomaly detection to monitor auction performance, demand path optimization for better efficiency, and dynamic pricing tools that automatically adjust to market shifts.

By providing a centralized view of monetization, Magnite enables publishers like Spectrum Reach to manage their inventory with greater precision and automate the optimization of demand sources. A core tenet of Magnite’s AI strategy is interoperability; the company is developing its own proprietary agents while maintaining an open framework that supports third-party AI agents. This approach is supported by collaborations with major industry players to drive innovation in supply analysis and market insights.

Magnite Inc. (NASDAQ:MGNI) operates a global independent omni-channel sell-side advertising platform. The company uses AI-powered tools and agentic AI-driven capabilities to automate creative production and optimize programmatic workflows for digital advertising inventory.