5 Best Robotic Stocks Under $10

4. Innodata Inc. (NASDAQ:INOD)

Number of Hedge Fund Holders: 3

Innodata Inc. (NASDAQ:INOD) is a Hackensack, New Jersey-based data engineering company focused on delivering AI solutions to leading corporations worldwide.

The company is diversifying by expanding its focus to support the AI function of large-scale robotics. One such initiative is led by Dexai Robotics AI kitchen robot Alfred. The robot can detect ingredients, make meals, and identify spills to prevent the waste of food. The robot rolled out in commercial kitchens last year, and new features are being continuously added.

Rahul Singhal, Chief Product Officer at Innodata, thinks that a lack of training data hinders the advancement of robotics. Innodata Inc. (NASDAQ:INOD) intends to become a leading player in providing data for robot training as the size of the industrial robotics industry is expected to rise from $23.6 billion in 2020 to $74 billion by 2026. Furthermore, Innodata Inc.’s (NASDAQ:INOD) Q3 revenue of $18.4 million was higher than the guidance provided by the management. The company expects to generate more than $10 million in adjusted EBITDA next year, making it one of the best robotic stocks under $10.

As of Q3 2022, Innodata Inc. (NASDAQ:INOD) was held by 3 hedge funds.

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