If you’re considering an investment in penny stocks, you should consider looking into those in markets with a lot of room for innovation. After all, high levels of innovation can lead to significantly valuable products. One such area to focus on is artificial intelligence, or AI.
AI has grown significantly in terms of popularity and capabilities in recent years, and many believe that innovation in the space is still in its infancy. If that’s the case, such innovation will likely result in some of today’s small companies growing to become behemoths.
Of course, there’s plenty of risk to consider too. Ultimately, most of these small companies will fail to reach mid-cap or larger status, leading to losses for investors. Nonetheless, a hit in AI penny stocks can yield significant returns. So which tickers should you be looking into in the space?
This post originally appeared at 24/7 Wall St.