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Barchart

Aditya Raghunath

1 'Strong Buy' AI Penny Stock With Breakout Potential

AI Evolv Evolv Technologies Meta

Big tech giants such as Microsoft (MSFT), Meta (META), and Alphabet (GOOG) (GOOGL) are leading the artificial intelligence (AI) race with the launch of large language models (LLMs) such as ChatGPT, Gemini, and Llama. However, the rapidly expanding addressable AI market offers plenty of opportunities for smaller players to gain traction and benefit from secular tailwinds.

One such AI penny stock you can consider buying right now is Evolv Technologies (EVLV). Valued at a market cap of $602.49 million, this small-cap penny stock went public four years ago, and currently trades 71% below all-time highs.

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