5 Best AI Stocks Under $50 to Buy Right Now

2. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 52

Snap Inc. (NYSE:SNAP) is one of the best AI stocks under $50 to buy right now. On April 10, Snap and Qualcomm (NASDAQ:QCOM) announced a multi-year agreement to power future generations of Specs, Snap’s advanced AR eyewear, with Snapdragon XR SoC solutions. This flagship collaboration aims to integrate digital experiences seamlessly into the physical world through standalone, see-through glasses that allow users to interact with digital content in their immediate environment.

By using Snapdragon’s high-performance, low-power compute and edge AI, the partnership focuses on delivering intelligent, context-aware experiences that run directly on-device for enhanced privacy and speed. The agreement solidifies a relationship that spans over five years, during which Snapdragon platforms powered previous iterations of Snap’s Spectacles.

Moving forward, the companies will align their technical roadmaps to accelerate the introduction of cutting-edge graphics, on-device AI, and sophisticated multi-user digital experiences. This long-term commitment provides a predictable product cadence and a scalable foundation for the developer community, who are increasingly building complex applications for the growing Specs ecosystem.

Snap Inc. (NYSE:SNAP) is a technology company that integrates GenAI and AR across its Snapchat platform, including features like My AI and AI Sponsored Snaps. Through its subsidiary Specs Inc., the company also uses edge AI to power its next-gen AR eyewear and digital experiences.