Tuya Inc. (TUYA) co-hosted The Global Telecom AIoT Summit 2025

Tuya Inc. (NYSE:TUYA) is one of the High Growth Penny Stocks That Are Profitable in 2025On May 23, Tuya Inc. (NYSE:TUYA) co-hosted The Global Telecom AIoT Summit 2025 along with T3 Technology and Skyworth in Bangkok.

The event’s theme was “New Era of Intelligence for All Industries,” and its goal was to promote smart solutions across industries and speed up digital transformation in Southeast Asia. The company’s Co-Chairman and President, Leo Chen, spoke about his decade-long dedication to AIoT. He noted that Thailand’s “Digital Thailand” plan closely matches Tuya Inc. (NYSE:TUYA)’s vision to advance global intelligence. Moreover, the company also unveiled the Southeast Asia Digital and AI Transformation Joint Initiative at the summit. This initiative promotes cooperation among governments, businesses, and research institutions to expand AI use and build a prosperous digital future.

Tuya Inc. (TUYA) co-hosted The Global Telecom AIoT Summit 2025

A computer engineer working intently on a smart home device.

Tuya Inc. (NYSE:TUYA) is a global IoT cloud platform service provider that enables businesses and developers to create smart IoT devices and applications.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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