Exploring the Potential of Artificial Intelligence Penny Stocks: Unlocking Opportunities with Positive Stocks
There’s a wide range of things you can accomplish with AI. Recent artificial intelligence products include chatbots, self-driving cars, industrial robotic solutions, and smart assistants. While we might still be very far from truly smart robots like the Star Wars droids or the Transformers, we’re closer than we’ve ever been before. Advantages of Trading AI Stocks One of the greatest advantages of trading artificial intelligence stocks is their newsworthiness. In 2022 alone, we’ve heard of AI possibly becoming sentient, AI-generated art sold on NFT platforms like Crypto.com, and AI-assisted voice cloning. Penny stocks are capitalizing on this buzz and getting the market’s inexhaustible supply of newbies excited about their own AI technologies — which will likely never materialize.
Artificial Intelligence (AI) has emerged as one of the most transformative technologies of the 21st century. With its ability to process vast amounts of data and learn from patterns, AI is revolutionizing industries across the board. Investing in AI penny stocks can be an exciting opportunity for investors looking to tap into the immense potential of this disruptive technology. In this blog post, we’ll explore some positive AI penny stocks that could offer promising investment prospects.
Artificial intelligence (AI) is a field of computer science that aims to simulate human intelligence in machines. It involves developing technology that can perform tasks traditionally carried out by humans. AI has the potential to revolutionize various industries and has already yielded impressive products such as chatbots, self-driving cars, industrial robotics, and smart assistants. While we may be far from achieving the level of intelligence seen in science fiction, advancements in AI have brought us closer than ever before.
Like with any stock, the best way to prepare for artificial intelligence penny stock rallies is to build a watchlist.
A good watchlist will build up your knowledge about specific stocks, as well as keep you prepared for the opportunities that may come. Don’t take your penny stock lists from other people’s picks — not even mine. Other traders have different priorities, goals, and risk appetites.
Here’s what to look for in a penny stock when building your watchlist: Exhibits a Tradeable Pattern on its Stock Chart Start with the chart. The stocks that make my watchlists have a record of tradeable chart patterns. Check out the charts in the previous section.
Penny stocks follow a boom-and-bust cycle. Since they’re mostly stocks in worthless companies that are temporarily inflated by lying promoters and gullible newbies, their patterns often repeat. If you want to get the best read on their charts, you need a powerful trading platform on your side like StocksToTrade. I helped design StocksToTrade. So it makes sense that it has all the features traders like me want in a trading platform.
Exhibits an Unusual Trading Volume Stocks trading at unusual volumes are more prone to price swings, which increase your chances of safely trading “the meat of the move.” Penny stock volume is important for another reason — high volume stocks are more liquid and easier to sell. Is a Former Runner A penny stock that’s run in the past has a better chance of running again in the future.
Why? It’s shown that it can run in reaction to the catalyst that made it run the first time The market has a memory Promoters also have a memory, and they’ll keep on pumping a hot stock until the worthless company it’s associated with goes out of business
Trading AI stocks offers several advantages, one of which is the inherent newsworthiness of the field. In 2022, AI garnered significant attention with discussions around the possibility of AI becoming sentient, the sale of AI-generated art on platforms like Crypto.com, and the development of AI-assisted voice cloning. Penny stocks in the AI sector often leverage this buzz to attract novice investors who are excited about the potential of AI technologies. However, it’s important to approach such investments with caution, as some companies may overpromise and underdeliver on their AI capabilities.
Purchasing AI penny stocks can be done through various platforms and exchanges, including the New York Stock Exchange (NYSE), Nasdaq, and over-the-counter (OTC) markets. Most individuals trade penny stocks through popular broker websites and apps like Robinhood, Chase, and Wealthsimple Trade.
NYSE/Nasdaq Penny Stocks: AI penny stocks can be found among the tech giants listed on major exchanges such as NYSE and Nasdaq. These listed stocks are subject to more regulations and are generally perceived as being associated with more stable companies.
OTC Penny Stocks: OTC penny stocks, also known as unlisted stocks, fall into three tiers: pink sheets, OTCQB, and OTCQX. Each tier has its own set of regulations and requirements. Pink sheets have minimal regulation, while OTCQX is more strictly regulated. While pink sheet stocks can still be traded, caution is advised when dealing with them.
Determining the Best Platform for Buying Tech Penny Stocks: Choosing between listed and unlisted stocks depends on your risk tolerance. Many traders engage in both listed and unlisted stocks, as it provides them with a wider range of opportunities.
Top AI Penny Stock Picks: Here are some notable AI penny stock picks:
- NASDAQ: GFAI — Guardforce AI Co., Ltd.
- NASDAQ: CXAI — CXApp Inc.
- NASDAQ: PIXY — ShiftPixy, Inc.
- OTCQX: VRSSF — VERSES AI Inc.
- NASDAQ: AMST — Amesite Inc.
- NASDAQ: GSIT — GSI Technology, Inc.
- NASDAQ: AAOI — Applied Optoelectronics Inc.
- NASDAQ: INOD — Innodata Inc.
- NASDAQ: APLD — Applied Digital Corp
- NASDAQ: SOUN — SoundHound AI, Inc.
Note: It’s important to conduct thorough research and analysis before making any investment decisions. The provided list serves as a watchlist and should not be considered as specific trading recommendations.
Remember, successful traders spend more time observing the market than actively trading. Focus on the process and effort involved in identifying opportunities rather than relying solely on stock picks.
