7 Most Popular AI Penny Stocks Under $5 To Avoid

4. Lantronix, Inc. (NASDAQ:LTRX)

Share Price as of June 21: $2.52

Year-to-Date Returns as of June 21: -38.83%

Number of Hedge Fund Holders: 13

Lantronix, Inc. (NASDAQ:LTRX) is one of the 7 most popular AI penny stocks under $5 to avoid. Lantronix made public a collaboration with Aerora on June 17, whose goal is to develop advanced Edge AI solutions for drones, robotics, and surveillance applications. Aerora provides integrated National Defense Authorization Act (NDAA)-compliant propulsion, ground control, and AI-powered precision payload systems.

The partnership results in a solution that integrates three powerful technologies: Lantronix’s Open-Q System-on-Module (SoM) will be the core; Aerora’s OEM platform will provide AI-powered visual navigation; and Teledyne FLIR Hadron 640R module and Prism software (integrated into Aerora’s solution) will enable advanced thermal and RGB imaging capabilities.

According to Lantronix, the new solution will offer simultaneous 4K video streaming alongside high-resolution thermal video. It will also provide AI-driven situational awareness and real-time decision-making. To top it off, the solution is designed to be NDAA-compliant from the outset.

The solution will accelerate advancements in intelligent applications and provide developers with cutting-edge tools from leading embedded compute technologies. Users will also enjoy reduced development timelines and engineering overhead for drones and robotics.

Lantronix, Inc. (NASDAQ:LTRX) is a technology company that provides secure connectivity and management solutions for Internet of Things (IoT) and IT systems. It offers hardware, software, and cloud-based services that help businesses collect, process, and manage data from connected devices. Leading products include embedded IoT modules, edge computing systems, power-over-Ethernet (PoE) devices, and remote management tools.