5 Best Artificial Intelligence Stocks Under $10

2. Lantronix, Inc. (NASDAQ:LTRX)

Number of Hedge Fund Holders: 10

Stock Price: $5.30

Lantronix, Inc. (NASDAQ:LTRX) is an Irvine, California-based company that creates technologies like 3D image generation, computer vision analysis, facial recognition, handwritten digit recognition, objection detection, and tracking. These solutions support Qualcomm’s AI Engine.

The company has been termed as one of the top 10 companies in the internet of things (IoT) field by CRN. Lantronix, Inc. (NASDAQ:LTRX) has a headcount of over 350 employees located in seven offices globally that cater to the needs of more than two million customers. The company is transitioning to a recurring and higher-margin provider of AI and IoT solutions. These solutions have applicability in the data center, energy, fleet management, financial services, healthcare, industrial automation, and retail industries. Experts term the arrival of CEO Paul Pickle in 2018 as the catalyst for the turnaround in Lantronix, Inc.’s (NASDAQ:LTRX) growth story.

At the end of Q3 2022, Lantronix, Inc. (NASDAQ:LTRX) was held by 10 hedge funds.

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