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

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1. Grab Holdings Ltd (NASDAQ:GRAB)

Market Cap: $15.66 Billion

Stock Price: $3.82

Number of Hedge Fund Holders: 61

Upside Potential: 72.03%

Grab Holdings Ltd (NASDAQ:GRAB) is one of the best large cap penny stocks under $10 to buy now. Grab Holdings CEO Anthony Tan told Reuters on April 8 that when they make things more affordable on the company’s superapp platform, orders increase. Tan’s point is that affordability impacts Grab’s business.

Affordability became an issue for Grab when the Iran conflict led to a spike in fuel costs. Tan believes that AI-enabled products and services can drive growth for the company. Tan said that from what they have seen, the AI-led product strategy is paying off, and so they want to double down in this area.

Tan spoke with Reuters on the same day the company launched 13 new AI products at an event in Indonesia, which is Grab’s largest market. Among these products is a “group ride” feature that can save travel parties up to 40% on ride-hailing fares. The feature uses AI to calculate fare splits more precisely for groups of travelers.

In addition to the capabilities that AI brings, Tan noted that Grab’s scale is a major advantage. Among other things, that scale allows the company to generate massive amounts of data that it can lean on to drive growth with AI-led products.

Amid its affordability push, Grab on April 1 announced the launch of an autonomous ride service in partnership with WeRide in Singapore.

Grab Holdings Ltd (NASDAQ:GRAB) operates a mobile platform that connects consumers with businesses for a wide range of services. The platform, built as a superapp, provides services like ride-hailing, food delivery, and digital financial services. Grab is based in Singapore but operates across multiple Asian countries.

While we acknowledge the potential of GRAB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRAB and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Stocks to Buy in a Rising Market According to Wall Street Analysts and Goldman Sachs Gold Stocks: Top 10 Stock Picks.

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