5 Best Up and Coming Penny Stocks to Buy Now

2. Blaize Holdings, Inc. (NASDAQ:BZAI)

Stock Price: $1.76

Blaize Holdings, Inc. (NASDAQ:BZAI) remained in focus after Roth Capital analyst Scott Searle lowered his price target on the stock to $4.50 from $8.50 on May 15 while maintaining a Buy rating. Although the analyst acknowledged near-term challenges related to memory availability that affected the company’s ability to capitalize on certain opportunities, he noted that first-quarter results were in line with previously announced expectations and expressed confidence in Blaize’s longer-term growth prospects.

A day earlier, Blaize Holdings, Inc. (NASDAQ:BZAI) reported first-quarter revenue of $2.7 million, matching consensus estimates. Management outlined several developments that could support future growth, including an $11 million purchase order resulting from its NeoTensr engagement, expansion into AI cloud infrastructure through a collaboration with Nokia, and progress with Winmate that could lead to broader adoption of Blaize chips in rugged computing platforms. Chief Executive Officer Dinakar Munagala also highlighted the launch of Blaize AI Services, which introduces recurring API-based revenue opportunities and further diversifies the company’s business model.

Blaize Holdings, Inc. (NASDAQ:BZAI) is a semiconductor and software company headquartered in El Dorado Hills, California. Founded in 2010, the company develops full-stack Hybrid AI computing solutions and low-code/no-code software platforms designed to accelerate AI inference workloads across data centers and edge computing environments. Blaize became a publicly traded company in 2025.