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3 Cheap AI Stocks to Consider Now: Smart Weekend Picks

AI Stocks Like Afflr That Won't Break the Bank: Smart Investment Picks
3 Cheap AI Stocks to Consider Now: Smart Weekend Picks
Written By:
Chaitanya V
Published on: 

Key Takeaways

  • Affle, Saksoft, and Kellton Tech are 3 affordable AI stocks with strong growth potential in the Indian tech sector.

  • These companies leverage AI for innovation, digital transformation, and predictive analytics, positioning them for future growth.

  • Investors should weigh potential rewards and risks associated with these emerging AI players, considering factors like liquidity and market trends.

Artificial Intelligence is transforming industries worldwide, grabbing the attention of global investors. In India, retail investors are increasingly drawn to AI-based technologies, seeking affordable entry points with high growth potential. While prominent brands dominate the spotlight, lesser-known AI stocks are emerging as hidden gems, offering reasonable prices and substantial upside potential.

Why AI Stocks Are Worth Watching

AI is transforming industries by driving productivity, reducing costs, and enabling new business models. Sectors such as healthcare, fintech, retail, and logistics are welcoming AI with open arms in a bid to stay ahead of the curve. Long-term growth hunters are increasingly focusing their attention on this rapidly evolving field.

Criteria for Selecting Affordable AI Stocks

For retail value investing, selecting AI stocks requires a well-informed blend of business acumen, industry relevance, AI adoption, and future scalability. The companies must have a solid business model, successful products, increasing revenues, and open strategic investments in AI capabilities.

Top 3 Low-Cost AI Stocks to Watch:

Affle (India) Limited:

Affle is a global technology company leveraging consumer intelligence via AI to offer engaged and relevant ad solutions. Its proprietary platform observes user behavior and builds predictive intelligence to deliver improved ad conversions. With prudent valuation compared to larger tech players, Affle enjoys strong top-line growth, a global customer base, and growing adoption of its AI-driven marketing platforms in India and emerging economies.

Saksoft Limited

Saksoft is a technology solutions provider that has emerged as a high-ranked company in data analytics, automation, and digital transformation services. The company is integrating AI into its products to enhance business operations for companies in the logistics, finance, and healthcare industries. It boasts a low-cost valuation, solid earnings growth, and a diverse customer base. The company's recent investment in AI platforms and software further confirms its leadership in the market.

Kellton Tech Solutions:

Kellton Tech emerged as a digital transformation pioneer with a special focus on incorporating smart technology like Artificial Intelligence and IoT. It provides tailored AI solutions, predictive analytics, and machine learning offerings. Though lesser known, its research spending and partnerships reflect long-term goals founded on innovation. The stock is fairly valued and has the potential to generate high returns as demand for AI services continues to increase.

Risks and Considerations:

Shares of AI, particularly those with low market capitalization, tend to be riskier. Investors will need to consider liquidity, competition, market trends, and the potential for technology obsolescence. With as much potential AI has, execution risk and economic considerations can get in the way to thwart performance.

Conclusion

Value stocks of AI companies are a great opportunity for growth-oriented investors in technology-driven economies. While Affle, Saksoft, and Kellton Tech may not have the same level of branding as their global counterparts, they maintain a strategic focus on digital solutions and AI, positioning them well for future growth. Conservative investors should carefully weigh both the potential rewards and the risks associated with these emerging players.

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