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AI stocks under $10 spotlight Rekor Systems and SoundHound AI
The roundup notes Rekor Systems stock closed at $1.56 on June 11, 2024, while SoundHound AI is trading around $4.65 after paying down $100 million of debt.
Benzinga highlighted two artificial intelligence companies trading below $10 per share as part of its list of “AI stocks under $10,” noting that these lower-priced names may offer upside but can carry higher risk than more established stocks.
Rekor Systems, based in Columbia, Maryland, develops AI-driven infrastructure solutions for transportation, public safety, and urban mobility, including the Rekor One roadway intelligence platform and Rekor Command traffic management tools. The article says the company introduced Rekor Discover for AI-based traffic studies and analytics and won a patent related to privacy-centered traffic management. It adds that Rekor Systems stock closed at $1.56 as of June 11, 2024.
SoundHound AI, a California-based voice AI and speech recognition company founded in 2005, builds natural language technology for business voice AI platforms and consumer music recognition apps. The roundup says the company moved to pay off $100 million in outstanding debt, framing it as a sign of a stronger cash position, and states the stock was trading at $4.65.
The piece links both companies to broader AI adoption trends, describing Rekor’s focus on smart-city style traffic and public safety systems and SoundHound’s specialized audio and speech recognition offerings. It also cautions that investing in smaller, lower-priced AI stocks may involve greater risk.