Roughly a month into 2023, it’s already clear that artificial intelligence (AI) is this year’s first market boom. Since OpenAI launched ChatGPT, investors haven’t been able to ignore the power of this new tech. This has led to significant speculation around which stocks to buy as the AI boom takes off. Larger-cap stocks have been enjoying significant gains, with plenty of room to run throughout the coming months. But as momentum for this fast-growing tech continues to build, investors shouldn’t overlook the opportunities in AI penny stocks.
This new market frenzy has generated some impressive gains for AI penny stocks. Smaller-cap companies are also well positioned to ride this wave right out of the penny stock category.
Let’s take a look at the AI penny stocks to watch as this next bull run continues to unfold.
This post originally appeared at InvestorPlace.