5 Best Artificial Intelligence Stocks Under $20 According To Hedge Funds

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In this article, we discuss 5 best artificial intelligence stocks under $20. If you want to read our detailed discussion on the AI industry, head over to 11 Best Artificial Intelligence Stocks Under $20 According To Hedge Funds.

5. Lantronix, Inc. (NASDAQ:LTRX)

Share Price as of March 6: $3.9

Number of Hedge Fund Holders: 15

Lantronix, Inc. (NASDAQ:LTRX) is one of the best AI stocks. It offers solutions for video surveillance, infotainment systems, and intelligent substations infrastructure globally. Besides creating their own advanced development kits and hardware designs, Lantronix, Inc. (NASDAQ:LTRX) has collaborated with customers to implement multiple AI/Machine Learning solutions. The company was founded in 1989 and is headquartered in Irvine, California.

On February 8, Lantronix, Inc. (NASDAQ:LTRX) announced results for the second quarter of fiscal year 2024. The company reported a non-GAAP EPS of $0.08, in-line with previous, and a revenue of $37 million, missing estimates by $0.59 million.

According to Insider Monkeys’ fourth quarter database, 15 hedge funds were bullish on Lantronix, Inc. (NASDAQ:LTRX), an increase from 8 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the largest position holder in the company, with 533,353 shares valued at $3.13 million.

Follow Lantronix Inc (NASDAQ:LTRX)

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