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Brief news summary
We have compiled a list of the top 11 AI penny stocks to invest in now. Among them is Navitas Semiconductor Corp (NASDAQ:NVTS), a semiconductor company with promising potential in the AI sector. While NVIDIA Corporation (NASDAQ:NVDA) has experienced significant growth, Navitas offers a more affordable investment option, with shares priced at less than $4. Navitas specializes in power semiconductors and provides products to various industries such as mobile devices, data centers, electric vehicles, and solar inverters. Although the company is yet to report a profitable quarter, its revenue has been steadily increasing. Furthermore, Navitas has plans to develop power chip technology specifically for AI-focused data centers, which could facilitate future growth. Hedge funds have shown an interest in Navitas, and some analysts see potential for upward trends in the stock. Despite being a latecomer to the AI scene, Navitas' wide range of applications across different sectors positions it for future success.We have compiled a list of the 11 Best AI Penny Stocks to Invest in Now. NVIDIA Corporation (NASDAQ: NVDA) is a well-known semiconductor stock that has seen significant growth due to increased demand for its GPUs in AI applications. However, for risk-tolerant investors, Navitas Semiconductor Corp (NASDAQ: NVTS) is a worthy AI penny stock to consider. Navitas focuses on power semiconductors and supplies products to high-growth industries such as data centers and electric vehicles. While Navitas has yet to report a profitable quarter, it has seen strong revenue growth.
The company plans to develop power chip technology for AI-focused data centers, potentially providing significant future growth. Despite recent stock declines, analysts and hedge funds still see potential upside in Navitas. With a broad pipeline of applications and notable customers, Navitas is a penny stock worth exploring for exposure to the AI sector. For more AI penny stock recommendations, you can refer to our report on the 11 Best AI Penny Stocks to Invest in Now.
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