Earnings
Home›Earnings›Previews›AI stocks under $10 spotlight Rekor Systems and SoundH…
AI stocks under $10 spotlight Rekor Systems and SoundHound AI
The list notes Rekor Systems stock closed at $1.56 as of June 11, 2024, while SoundHound AI is trading at $4.65 after paying down $100 million of debt.
Benzinga highlighted publicly traded artificial intelligence stocks priced below $10 per share, focusing on companies developing or applying AI technologies and warning that lower-priced names can carry higher risk.
The roundup spotlights Rekor Systems Inc., which provides AI-driven infrastructure solutions for transportation, public safety and urban mobility. The company offers platforms including Rekor One, Rekor Command, and Rekor Scout, and it recently introduced Rekor Discover, a next-generation solution for AI-based traffic studies and analytics, and won a patent for privacy-centered traffic management technology.
For Rekor Systems, the article states the stock closed at $1.56 as of June 11, 2024. It also describes the company’s work as aligned with smart city developments and positions it for potential growth opportunities.
The list also features SoundHound AI Inc., a voice AI and speech recognition technology company founded in 2005. The article says SoundHound AI moved to pay off its outstanding $100 million debt and is currently trading at $4.65, citing continued customer growth and the company’s audio and speech recognition positioning in the broader AI market.