Innodata (INOD) Attracts Institutional Backing with AI Strategy

Innodata Inc. (NASDAQ:INOD) is among the fastest growing small cap stocks to buy. Axiom Investors LLC DE has increased its stake in Innodata Inc. (NASDAQ:INOD) during the first quarter, as disclosed in the recent filing with the Securities & Exchange Commission. Through the purchase of 42,671 shares, valued at nearly $1,532,000, the capital market firm now owns 0.13% of the company.

It’s quite impressive to see Innodata Inc. (NASDAQ:INOD) expanding in a rapidly transforming market. We have seen how the company has fully leveraged AI, first to collect and annotate data at scale and then using the data to train models. The outcome of this AI-focused strategy is straightforward: customer wins and enhanced revenues.

Is Innodata Inc. (INOD) the Best Small Cap Tech Stock to Buy Now?

Earlier this month, the management raised organic revenue growth guidance for 2025 to 45% as Innodata Inc. (NASDAQ:INOD) continues to grow. In just three years, the company delivered a return of 1,010.53% in contrast to the market’s return of 60.28%. Well, the numbers speak for themselves.

Innodata Inc. (NASDAQ:INOD), based in New Jersey, is a data engineering company operating through three segments: Digital Data Solutions (DDS), Synodex, and Agility. Incorporated in 1988, the company is dedicated to improving business outcomes.

While we acknowledge the potential of INOD 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 INOD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.