7 AI Penny Stocks to Buy Now in 2024

Investors in AI stocks have only had to put their money in #nvda stock for 10X returns over the last two years but that's over. For Nvidia to produce the same return, it would have to grow to nearly the size of the entire US economy. That's not going to happen but I've found seven #pennystocks to watch that are using artificial intelligence and could see that same 10X growth. I'll highlight the best #pennystockstobuynow along with my process for finding stocks for penny stock investing.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through dividend stocks, investing and ways to make more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

Disclosures:
All content on this channel is for informational purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Trading stocks, ETFs, other securities, and/or cryptocurrencies poses a considerable risk of loss. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Should you need such advice, consult a licensed financial or tax advisor. When you make purchases through links in this video description, the author may earn a commission.

[leondonald]

Thank you for the update, I already own shares of PALANTIR, TSLA, NVDA and APPL. I don't mind having other equities sit around for a while, but I'd also appreciate short term opportunities that could fetch huge return! I've got a $200k portfolio that I want to grow into 7 figure before staying 100% cash.

[GurpreetSingh-mhco]

Just swapped all of my last ETH and swapped it into XAI20H. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

[jerrycampbell-utyf]

AI Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[tinsleyLuna]

I think it's important to stick to stocks that are immune to economic policies. I'm looking at NVIDIA and other AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies

[SumanPandey-bkun]

Good news XAI20H will be added to Binance 🚀🚀

[ChetanBanjara-ecxq]

Don't let Elon's XAI20H pass you by. This is a monumental moment in history, and you don't want to be left out of the loop. Get in on the ground floor now!

[svloczm]

XAI20H will be one of the biggest projects in the future. 2024 will be on fire 🎉

[traviswes]

AI stocks are dominating 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

[HarryArnold-tqsx]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[Daisy-yrez]

Great video, The first $100, 000 invested was amazing. But when you hit $300, 000 it’s like smashing the glass ceiling! I cried., .

[TJH]

The main focus for markets now is Nvidia, which has powered a large chunk of the S&P 500’s recent earnings. Nvidia’s stock, up more than 100% this year, rose 2.5% in New York on Monday, sending the Nasdaq 100 index to another record high. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...

[SmithNatasha-hcmq]

Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024

[Dantursi]

I recently read an article about a man who identified AI stocks before the AI boom, highlighting the importance of information and insight. I believe AI is poised to enter a new phase, and I aim to position my $200k portfolio to capitalize on significant gains.

[AstaKristjan]

I recently sold off a good portion of my stock holdings totaling about $400k, with roughly half of them being tech stocks that i think are overvalued. Am I better off putting the money somewhere else or sit out and wait for a correction?

[Spitnchicklets]

Love it when I have some of the stocks you mention, that means I’m doing something right !!! SOUN 👍👍👍

[austinbar]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[jimmyteo]

Good research, but I still dare not buy such shares, how do we know they will not go bankrupt?

[oliviapourkarim]

You work for 40yrs to have $1M in your retirement, Meanwhile some people are putting just $30k in BIT COIN for just few days and now they are multi millionaires 🤩.

[Not_Sure_]

Good morning Joseph.
What happened to ABR ?
Is this an opportunity ?
Or a falling knife ?

[Jessecote]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Natalie Rose Strayer, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.