Analysts are estimating the Artificial Intelligence industry could be worth $1.8 trillion annually by 2030, and that doesn’t include the value organizations will unlock by using the technology. Valued at $93.5 billion in 2021, the global AI industry is projected to expand at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030.
Tech giants are pouring money into research, development and acquisition of AI technologies. For instance, Panasonic (OTCMKTS: PCRFY) acquired Blue Yonder for $7.1 Billion in 2021. The acquisition will allow Panasonic to create an autonomous supply chain solution.
While blue-chips are pouring money into the technology, smaller companies developing the technologies could create a higher upside for investors.
Popular Penny Stock Prognosticator Timothy Sykes wrote on the sector, “AI stocks can be risky. They don’t move slowly like blue-chip stocks. If we’re talking about artificial intelligence penny stocks, the risks are even higher. But I love to take advantage of penny stock volatility. And with the right risk management strategy, artificial intelligence penny stocks could provide great trading opportunities.”
AI TRADING OPPORTUNITIES FOR Q2
Raadr, Inc. (OTCMKTS: RDAR) is a perfect example of a high risk, high reward artificial intelligence penny stock. The company has developed an AI-powered Parental Monitoring app that allows parents to monitor their children’s social media activity to prevent cyberbullying and other threatening and dangerous online behaviors.
A few highlights illuminate why RDAR could be one of the best bets in the AI sector:
- The company’s app is available for both Android and Apple devices
- RDAR expects between 100,000 and 500,000 downloads by the end of 2022
- Pew Research conducted a poll that found the top concern (60%) for parents is that their child will be bullied. This was especially true for families with higher incomes ($75,000 or higher).
The company has successfully launched this app that handles the biggest concern parents face, which on its own is great news for shareholders.
The largest concern OTC investors face, however, is dilution from toxic funding sources. RAADR, Inc. CEO Jacob DiMartino made a pledge to shareholders in October to sign no toxic funding documents. For purposes of the pledge, toxic funding documents are notes and debentures that convert into equity typically at the option of the lender at heavily discounted prices of the company’s stock price around the time period that the conversion takes place.
This increases RDAR’s breakout odds significantly.
BlackBerry Ltd. (NYSE: BB) has popped several times in the past year, including briefly becoming a ‘meme stock.’ The company has pivoted from a mobile phone company to an AI-powered cybersecurity firm. It still faces selling pressure and shorts so it may not be a pure growth play like RDAR, but can offer short-term traders opportunities due to its liquidity and volatility.
Cheetah Mobile, Inc. (NYSE: CMCM) is another AI-powered mobile app company like RDAR. The Bejing-based company produces some of the most popular global mobile apps and has hundreds of millions of subscribers between its products. Although, like BB the stock has fallen on hard times after it was removed from Google Play due to a fraudulent advertising scheme. This caused some investors to playfully refer to Cheetah Mobile as “Cheater Mobile.”
Like BB, the stock has been volatile on its way down providing short-term traders profit opportunities.
Artificial Intelligence Technology Solutions, Inc. (OTCMKTS: AITX) is another upstart AI with long-term upside in the same vein as RDAR. Its subsidiary Robotic Assistance Devices (RAD) offers several security robots (SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™) that solve a host of security issues. The company recently shipped its two-hundredth ROSA unit.
Remark Holdings, Inc. (Nasdaq: MARK) operates a data and AI software platform under the Remark AI name in the United States and the KanKan AI name in the Asia Pacific region that offers AI-based computer vision products, computing devices, and software-as-a-service solutions for the retail, urban life cycle, workplace and food safety, railway safety, and biosafety industries. The company also provides Thermal kits, which includes a thermal imaging camera, calibrating device, computer to monitor the video feed, supporting equipment, and AI software to scan crowds and areas of high foot traffic for indications that certain persons with elevated temperatures may require secondary screening; and rPad thermal imaging devices, a single-post stand to scan individuals on a one-by-one basis for authorized entry.
KEY TAKEAWAY
Investors seeking opportunities to profit off of AI can play short-term swings in bears like BB or CMCM; or look at long and/or short-term breakout potential in stocks like RDAR.
Start your research today.
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