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Is FiscalNote Holdings, Inc. (NOTE) a Good AI Stock to Buy?

We recently compiled a list of the 10 Best Artificial Intelligence Stocks to Buy Under $10. In this article, we are going to take a look at where FiscalNote Holdings, Inc. (NYSE:NOTE) stands against the other artificial intelligence stocks. You can also check out the 20 Most Used Artificial Intelligence (AI) Platforms of 2024 here.

Artificial Intelligence (AI) is expected to be among the primary drivers of transformation and competitive advantage in the rapidly changing economy.  The AI industry has experienced strong growth, and this is evident in the doubling of global funding to $66.8 billion as of 2021. Moreover, a record number of 65 AI companies achieved valuations exceeding $1 billion in 2021. This reflected a 442% increase from the preceding year. Each year observes higher adoption of AI solutions by companies and governments worldwide.

In 2022, the global market size for artificial intelligence reached $454.1 billion. The market is projected to reach approximately $2,575.2 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of 19% from 2023 to 2032. In 2022, North America led the market with the largest share. This was mainly due to the high demand for advanced hardware and software products that automate tasks across various industries. Moreover, supportive government policies encouraging AI adoption have also contributed significantly to market growth in the region.

Specifically, the United States’ artificial intelligence market was valued at $103.7 billion in 2022. It is projected to grow to approximately $594 billion by 2032, with a compound annual growth rate of 19.1% from 2023 to 2032.

According to a report by PwC, by 2030, AI has the potential to add approximately $15.7 trillion to the global economy, exceeding the current combined output of China and India. This contribution is expected to break down into $6.6 trillion from higher productivity and $9.1 trillion from effects related to increased consumption.

In the short term, AI is expected to provide the most significant economic benefits through increased productivity. This will involve automating routine tasks, improving employees’ skills, and enabling them to concentrate on higher-value work. Improvements in labor productivity are projected to account for over 55% of all GDP gains from AI between 2017 and 2030.

Over time, the boost to GDP from product improvements and consumption, driven by AI, will surpass the productivity gains. In 2030, 58% of all GDP gains are expected to come from consumption impacts. Consumers will be mainly drawn to higher-quality and more personalized products and services.

According to a new report by Bloomberg Intelligence (BI), the generative AI market, driven by consumer programs like Google’s Bard and OpenAI’s ChatGPT, is set to grow significantly. It is projected to expand from a market size of $40 billion in 2022 to $1.3 trillion over the next decade. The increasing demand for generative AI products is expected to generate approximately $280 billion in new software revenue. This growth will be fueled by specialized assistants and copilots that improve coding efficiency.

Keeping in view the bright outlook of the AI industry, let’s take a look at the best artificial intelligence stocks to buy under $10.

Our Methodology

To shortlist the best artificial intelligence stocks under $10, we relied on Insider Monkey’s database of 920 hedge funds as of Q1 2024 to analyze the hedge fund sentiment for each stock. We picked the artificial intelligence stocks with the highest number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A woman analyzing a large dataset on a computer screen, emphasizing the importance of analytics in the technology sector.

FiscalNote Holdings, Inc. (NYSE:NOTE)

Number of Hedge Fund Holders: 9

Stock Price: $1.48

FiscalNote Holdings, Inc. (NYSE:NOTE)  is a prominent information services company that uses AI-driven enterprise SaaS technology to deliver global legislative, political, and market intelligence.

In the first quarter of 2024, FiscalNote Holdings, Inc. (NYSE:NOTE) achieved an $8.2 million improvement in adjusted EBITDA compared to the previous year, marking the company’s third consecutive quarter of adjusted EBITDA profitability. The company anticipates a return to double-digit growth rates in 2025 by reallocating resources to high-performing offerings.

During the quarter, the company also launched the FiscalNote Global Intelligence Copilot. This is an AI-powered assistant designed to help customers analyze global dynamics and lower risks associated with macroeconomic and regulatory challenges.

FiscalNote Holdings, Inc. (NYSE:NOTE) is organizing “AI Product Day 2024” on June 27, 2024. This event aims to highlight current and upcoming AI-powered products, as well as the company’s strategy and product roadmap for the coming years.

Analysts are bullish on FiscalNote Holdings, Inc. (NYSE:NOTE) and have assigned an average price target of $3.22. This reflects a potential upside of over 115% from the current price levels. Moreover, 4 analysts have given a “Buy” rating to the stock, while 2 recommend holding it.

Overall NOTE ranks 10th on our list of the best artificial intelligence stocks to buy under $10. You can visit 10 Best Artificial Intelligence Stocks to Buy Under $10 to see the other artificial intelligence stocks that are on hedge funds’ radar. While we acknowledge the potential of NOTE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NOTE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. This article is originally published at Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…