5 Best Large Cap Penny Stocks Under $10 to Buy Now

4. Snap Inc (NYSE:SNAP)

Market Cap: $10.25 Billion

Stock Price: $6.07

Number of Hedge Fund Holders: 52

Upside Potential: 34.18%

Snap Inc (NYSE:SNAP) is one of the best large cap penny stocks under $10 to buy now. This social media stock has gained more than 20% over the past month.

On April 28, Snap Inc (NYSE:SNAP) and Experian announced a partnership on AI-powered ads. This arrangement involves Experian bringing its trusted financial information directly to the Snapchat app. With this integration, Snapchat users can ask questions about a variety of financial topics and get responses within the app.

Experian provides credit reports and offers tools that help consumers manage their financial health and protect their identity. According to Experian, consumers are increasingly turning to social media and digital spaces to talk about finances, so it has partnered with Snap to make financial education more accessible.

The Snap-Experian partnership on financial education content is built around AI Sponsored Snaps, a conversational advertising format. According to Snap, AI Sponsored Snaps offers a new way for businesses to show up in Snapchat conversations through AI agents that users can interact with naturally.

Snap’s AI Sponsored Snaps ads format is itself an expansion of the company’s Sponsored Snaps advertising program. According to Snap, Sponsored Snaps has had strong momentum, driving more conversions at lower costs. AI Sponsored Snaps allow brands to bring their own AI agents to the platform. Snapchat has nearly a billion monthly active users.

Snap Inc (NYSE:SNAP), based in California, is a technology and social media company founded in 2011. Snap is best-known for its Snapchat platform for sharing disappearing photos and videos. The company also makes AR glasses under the Spectacles brand.