AI penny stocks are unlikely to be in most people’s bucket lists in the current environment. Most people are piling into the top few mega-cap stocks or are continuing to hoard cash in anticipation of lower stock prices.
This could be a good opportunity to buy up some promising AI penny stocks if you strongly believe in the AI narrative. Getting in early during a period of bearishness surrounding small-cap growth stocks is a good way to increase your chances of landing multibagger gains down the line.
I would note that all these companies are very small and their stock prices swing rapidly. You’re better off investing in an index fund or bigger growth companies if you don’t want the obvious downside risks here.
This post originally appeared at Money Morning.