The era of artificial intelligence (AI) is upon us, with projections estimating that AI will contribute $15.7 trillion to the global economy by 2030. While large-cap tech giants like Nvidia and Microsoft have been making significant strides in AI, it’s the small-cap companies that often produce the largest gains. This makes it a good time to explore AI penny stocks with huge potential.
One such penny stock to watch is SoundHound (NASDAQ:SOUN). SoundHound uses AI as part of its voice and audio AI platform called Houndify. The technology created by Houndify allows for a more human-like voice-assisted experience. Despite its niche position, SoundHound has multiple partnerships across different industries, generating millions of dollars in revenue.
Evolv Technologies (NASDAQ:EVLVW) is another AI penny stock with enormous potential. It specializes in creating AI-based weapons detection systems for security screening. Evolv Express, the company’s premier product, combines powerful sensor technology with AI and venue analytics to enhance threat detection in various settings. Its applications range from airports and entertainment venues to schools and hospitals.
Rekor Systems (NASDAQ:REKR) is an AI penny stock focused on infrastructure. Leveraging AI and machine learning, Rekor identifies critical infrastructure concerns and offers innovative solutions. Although the company’s revenue is not currently substantial, it has shown significant revenue growth over the years.
Remark Holdings (NASDAQ:MARK) is a riskier AI penny stock. The company develops and deploys AI-based solutions across various sectors, including facial recognition software, retail analytics, and virtual healthcare. While its revenue and recent performance have been uncertain, demand for AI solutions presents an opportunity for Remark Holdings.
Predictive Oncology (NASDAQ:POAI) combines AI with biotechnology. The company uses its proprietary AI platform to identify effective drugs against specific tumors, leveraging a bank of tumor samples. Although not yet profitable, Predictive Oncology has been increasing revenue consistently.
These AI penny stocks offer unique opportunities for investors with substantial potential for future growth. While some stocks may come with risks, their specialization in niche industries and applications make them attractive for long-term investment strategies.