Top Technology & Artificial Intelligence Penny Stocks for 2024

Artificial Intelligence Penny Stocks& Technology Stocks: Key Takeaways

• Tech stocks are in the hottest sectors in the market…
• Some tech stocks may be pure pumps — but you can still trade them…
• Find out more about tech stocks with the potential for big runs…

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Technology stocks dominated the market’s recovery after the March 2020 crash. The last few months haven’t been as good for tech sectors. But I’m still keeping tabs on these stocks.

Jump ahead to get to my trading plans for these top tech stocks!

What Are Technology Stocks?

Technology stocks are the stocks for tech-heavy companies … but you knew that already.

The best technology stocks range from household names like Facebook and Microsoft…

To the cheap technology penny stocks that I’ve made more than $7.2 million trading over the past 20+ years.*

Some of these stocks had a historic 2020–21. And even though tech stock momentum has slowed in the last six months, I’ll keep watching these stocks. You never know when one will pop.

What Is the Technology Sector?

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Technology isn’t just one sector. Emerging technology stocks come in many forms from 5G to new farming technologies.

It’s the 21st century. Every company relies on technology to some extent. Technology sectors contain stocks where technology plays a defining role. Let’s drill down a bit…

Subcategories of the Technology Sector

In the stay-at-home era, many of the hottest sectors are tech-centric. More than ever we’ve relied on technology to feed, entertain, and connect us.

Some of these tech sectors define our world. The EV sector followed Tesla in becoming one of 2020’s hottest watches. It’s cooled off since February … but I don’t think it’s done yet.

Other tech sectors are easy targets for penny stock pumps. Check out the sketchy crypto press releases after bitcoin’s first-quarter run.

This list of technology stocks includes sectors I’m watching for the future, like AI. It also looks at some of the best technology stocks today, like biotechs.

10 Best Tech Stocks for 2024

My top tech stock picks are:

• NASDAQ: PRZO — Parazero Technologies Ltd — My 40% Birthday Drone Safety Penny Stock Winner
• NASDAQ: WISA — WiSA Technologies — The Wireless Sound Penny Stock With Partnership News
• NASDAQ: HOLO — MicroCloud Hologram Inc — The Meme Stock With an AI Pump in its Past
• NASDAQ: RENT — Rent the Runway — The AI-Powered Fashion Stock
• NASDAQ: SMCI — Super Micro Computer Inc — The Volatile Mega-Cap Stock That’s Set For Earnings
• NASDAQ: YYAI — Connexa Sports Technologies Inc — The Crappy Penny Stock That Just Changed Its Symbol
• NASDAQ: ONFO — Onfolio Holdings Inc — The Holding Company With an AI Pump in Its Past
• NASDAQ: SPRC — SciSparc Ltd — The AI Biotech Penny Stock
• NASDAQ: AUUD — Auddia Inc — The Reverse Split AI Audio Stock
• NASDAQ: BMR — Beamr Imaging Ltd — The NVIDIA Catalyst AI Penny Stock

My trading strategy has always relied on news catalysts. And now with more active traders paying attention, the news doesn’t have to be big.

Press releases can move a stock just like real news can. And no one does press releases as well as tech stocks. So if this wasn’t clear before, let me put it in bold…

• These are not technology stocks to invest in.
• They’re not technology stocks to buy now.
• And they’re not technology stocks to buy — period.

They’re simply stocks that are on my watchlist. They’ve all run before. So they have the potential to run again.

Before you send in your orders, take note: I have NO plans to trade these stocks unless they fit my preferred setups. This is only a watchlist.

The best traders watch more than they trade. That’s what I’m trying to model here. Pay attention to the work that goes in, not the picks that come out.

Sign up for my NO-COST weekly watchlist to get my latest picks!

What are my top technology stocks to watch for the rest of the year? Let’s get to it…

1. Parazero Technologies Ltd (NASDAQ: PRZO) — My 40% Birthday Drone Safety Penny Stock Winner

My first AI penny stock pick is Parazero Technologies Ltd (NASDAQ: PRZO).

I bought shares of PRZO on Friday, April 12. The next Monday, my Birthday, April 15, I celebrated by selling those shares for a profit.

Unfortunately, that weekend the Middle Eastern conflict escalated, specifically between Israel and Iran. Israel had attacked an Iranian consulate early in April, and we learned of an incoming Iranian retaliatory strike the Friday of April 12.

But my experience in the stock market allowed me to take advantage of volatile price action related to the event.

There’s a chart below of the price action, every candle represents one trading day:

PRZO is an Israeli owned AI-drone company. And this isn’t the first time we’ve seen it spike.

In October 2023 — during the initial Hamas invasion of Israel, the stock spiked 460%.*

Interestingly enough, the company announced bullish news on Friday, October 6, the day before the Hamas attack. That’s why on the chart below, you can see the spike starting a day early.

Every candle represents one trading day:

Why I Like It

The spike in October ‘23 is the reason I had the foresight to snag profits on the most recent weekend gap up. And any follow up Middle East tension could cause it to spike again.

My trade notes are below, with a starting stake of $6,565:

PRZO is one of the latest weekend trades that I’ve made in 2024 …

Every Friday I watch for very specific price action! Here’s the framework I followed for PRZO.

2. WiSA Technologies (NASDAQ: WISA) — The Wireless Sound Penny Stock With Partnership News

My second AI penny stock pick is WiSA Technologies (NASDAQ: WISA).

I traded this runner multiple times when it started to spike on April 16.

The company announced an additional license with a “multi-billion dollar revenue company” for its immersive audio technology. And I had eyes on it before the market opened thanks to the Breaking News alert.

Take a look at the chart below with alert details. Every candle represents one trading day:

These plays CAN run for multiple days, but it pays to have eyes on them early. For example, WISA spiked higher after April 16. The total move measures 920%.*

We’re seeing runners like this every week in the 2024 market!*

Here’s where you can find the next Breaking News trade alert.

Right after the market opened on April 16 I snagged some profits — my trade notes are below.

The first was with a starting stake of $8,760:

I traded it again midday for another profit. With a starting stake of $15,325:

Why I Like It

The stock is still holding some of its gains. That’s a hint that it could push higher!

Take a look at the chart below that shows support at the $4 level, every candle represents five minutes:

Plus, StocksToTrade shows that the stock’s float is only 1.4 million shares.

Anything below 10 million shares is considered “low float” … also known as a low supply of shares. The low supply helps the share price spike higher when demand increases.

It essentially increases the volatility of the stock.

Keep an eye on this runner as it works back toward the breakout level.

3. MicroCloud Hologram Inc (NASDAQ: HOLO) — The Meme Stock With an AI Pump in its Past

My third AI penny stock pick is MicroCloud Hologram Inc (NASDAQ: HOLO).

This is one of the most legendary short squeezes of 2024 … so far.

I’ve already written multiple blog posts about this stock and filmed a handful of videos tracking the price action …

Like the one below:

The most exciting thing about this stock right now: Past spikers can spike again.

Why I Like It

There were HOLO spikes in January and August 2023 as well — 610%* and 350%* respectively

But unlike the most recent 2024 short squeeze, the spikes in 2023 had roots in the AI industry.

The volatility in 2024 just happened to turn HOLO into a massive squeeze. Forget the 610% and 350% 2023 spikes … in February 2024, HOLO launched 6,400%.*

It went from less than $2 to $98.

The chart below shows all of the moves since 2023. Each candle represents one trading day:

I don’t expect HOLO to run back to $98. That’s an unrealistic prediction. And besides, I don’t predict price action.

Instead, I react to it.

Here’s what I’ve noticed recently:

• HOLO tried to spike in March.
• It tried to spike twice in April.

I zoomed in on the daily chart below, take a look at the beat-down spike attempts:

It’s only a matter of time until the stock tries to spike again …

4. Rent the Runway (NASDAQ: RENT) — The AI-Powered Fashion Stock

My fourth AI penny stock pick is Rent the Runway (NASDAQ: RENT).

On April 10 during after hours, RENT announced Q4 financial results for the 2023 fiscal year.

The earnings per share (EPS) missed expectations by $1.13. But the company’s revenue beat projections by $1.3 million.

That week the stock spiked 430%.* I snagged a cool profit the day after the announcement.

See my trade notes below on RENT, with a starting stake of $22,296:

After the spike, prices sold off. That’s to be expected in this niche. We play the short-term volatility before the prices crash.

Always remember that these are trash penny stocks. Some of the worst stocks in the market can spike hundreds and thousands of percentage points. Our goal is to identify price action that could push higher.

When I look at RENT’s chart now, we can see obvious consolidation above the $10 level. Every candle below represents five minutes:

There are still quite a few bag holders from the last few weeks. Wait for the chart to show us some bullish volatility.

That’s when we’ll know it’s time to plan a trade.

StocksToTrade shows a float of only 1.9 million shares. That works in our favor!

5. Super Micro Computer Inc (NASDAQ: SMCI) — The Volatile Mega-Cap Stock That’s Set For Earnings

My fifth AI penny stock pick is Super Micro Computer Inc (NASDAQ: SMCI).

On March 5 we learned that SMCI would join the S&P 500 this year.

That’s BIG news for a mega-cap stock.

Now, we usually trade low-priced stocks because:

• We can load up on shares.
• The low price helps the stock spike higher from a percentage perspective.

Higher priced stocks like SMCI aren’t known to surge like volatile penny stocks.

But the AI and tech sectors are so hot in 2024, we’re seeing some INSANE moves from big stocks. SMCI and NVDA are great examples.

Right now I’m watching SMCI because the chart looks a lot like a penny stock.

And in a lot of ways, SMCI acts as a tech sector leader. We can gain insight on tech trade opportunities in our low-price niche by watching setups like SMCI.

In 2024, prices spiked 330%* despite starting the year above $250 per share.

Look at the insane move so far this year. On the chart below, every candle represents one trading day:

Why I Like It

I know that this runner is out of bounds for most small-account traders.

But … When large-cap stocks behave like volatile penny stocks, we can trade them for lower prices using options.

Now, at the mention of “options” a lot of traders shy away. But it’s not as confusing as you might think.

An option is a contract that gives you the right to buy or sell shares of a stock.

So, theoretically: If you think SMCI is going to trade higher in the future, you could buy a contract and then sell it after SMCI spikes without actually buying any shares of SMCI.

The value of the contract is what we’re trading, not the actual stock.

It’s easier said than done, but there IS a process for profits.For example, Ben Sturgill is a renowned options trader with verifiable profits. Take a look at his process.

There are so many opportunities to profit in this 2024 market.

Pick a strategy that makes sense to you and hit the ground running!

6. Connexa Sports Technologies Inc (NASDAQ: YYAI) — The Crappy Penny Stock That Just Changed Its Symbol

My sixth AI penny stock pick is Connexa Sports Technologies Inc (NASDAQ: YYAI).

This is one of the sketchier things I’ve seen in 2024 …

Always remember that these stocks are crap! We can trade them for short term profits, but we NEVER believe the hype.

YYAI is a perfect example of some shady business practices in our niche. The stock used to be called YYEM. And in the last few weeks under that ticker symbol, the price spiked 1,100%.* Then it immediately crashed 60% in one day.

The very next day, on April 22, the stock started trading under a new symbol named YYAI.

Take a look at the chart below, every candle represents one trading day:

The company mentioned the ticker switch would more appropriately reflect “the future business operation”. As a sports technologies company … lol.

So basically they wanted to put “AI” in the title. Likely to try and mooch off the overall AI market momentum.

… sketchy … 

Why I Like It

The shady market dealings are obvious.

But unfortunately, the SEC doesn’t have enough resources to check these crappy companies.

These spikes will continue to happen. The best I can do is warn you about the dangers and point out the best profit opportunities.

7. Onfolio Holdings Inc (NASDAQ: ONFO) — The Holding Company With an AI Pump in Its Past

My seventh AI penny stock pick is Onfolio Holdings Inc (NASDAQ: ONFO).

In June 2023 the company announced its intent to increase an AI business presence through acquisitions and by leveraging certain subsidiaries.

The chart didn’t spike like some of its peers in the same sector.

But I’m still watching the price action.

Why I Like It

The company obviously knows what’s hot. They tried to inflate the price with an AI press release in June of 2023. That’s only a few months after the AI craze began.

Also, StocksToTrade shows that the float is only 3.2 million shares.

ONFO is a powder keg that’s waiting for the perfect spark.

8. SciSparc Ltd. (NASDAQ: SPRC) — The AI Biotech Penny Stock

My eighth AI penny stock pick is SciSparc Ltd. (NASDAQ: SPRC).

This stock combines the two hottest sectors in the market.

• AI
• Biotech

It seems there’s a new batch of biotech stocks spiking every week right now.

The biotech sector has been hot in the past. It’s not a huge surprise to see these stocks spiking.

But it’s very exciting when we find stocks with a foot in two hot sectors instead of one.

Why I Like It

Besides the double sector, SPRC has an incredibly low float.

StocksToTrade shows only 259k shares.

The chart also shows a huge history of spiking in 2023. Take a look below, every candle represents one trading day:

Just like ONFO, SPRC is a powder keg.

Get ready for the next spike …

9. Auddia Inc (NASDAQ: AUUD) — The Reverse Split AI Audio Stock

My ninth AI penny stock pick is Auddia Inc (NASDAQ: AUUD).

Sketchy penny stocks hold reverse splits in an effort to prop up the share price.

The share supply is cut, thereby making every remaining share more valuable.

Penny stocks usually have to inflate their prices to meet exchange listing requirements. One of the requirements a company must follow to remain on the Nasdaq exchange is a share price above $1.

On February 23, AUUD announced a 1-for-25 reverse split set for February 27. This is clear evidence that the company will take action to prop up the price.

And it foreshadowed the spike in April.

Why I Like It

On April 4 the company announced a new patent from the U.S. Patent and Trademark Office for its AI technology.

The price spiked 290%* in one day.  The subsequent selloff was drastic, but prices are still hovering around support at $2. That’s a hint the price could push higher.

Plus, StocksToTrade shows the float is only 1.9 million shares.

Wait for the next catalyst to spike the price higher.

10. Beamr Imaging Ltd (NASDAQ: BMR) — The NVIDIA Catalyst AI Penny Stock

My tenth AI penny stock pick is Beamr Imaging Ltd (NASDAQ: BMR).

On February 12, at 7 A.M. Eastern during premarket hours, BMR announced a partnership with NVIDIA Corporation (NASDAQ: NVDA).

NVDA is arguably the most popular company in the world right now. Definitely within the tech sector.

The stock is surging to new heights as businesses scramble for NVDA microchips. The massive tech stock is smashing company value records.

Take a look at the NVDA chart below, every candle represents one trading day:

A hook up with a sector leader like NVDA is huge news for a penny stock.

BMR spiked 1,500%* in less than 24 hours after the announcement. Since then the stock has lost 70% of its value.

But there’s a possible squeeze brewing.

Why I Like It

It reminds me of another intense spiker that started running only a few days earlier on February 7. Another stock that we already covered …

MicroCloud Hologram Inc. (NASDAQ: HOLO) managed to spike 2,600%* in a similarly spectacular fashion.

The price slid lower, like BMR, but it consolidated for a few days and broke out to reach $98 per share!

HOLO was trading below $2 less than two weeks before … That’s a 6,400%* move. And BMR was trading below $3 before its recent spike …

This stock could wake up any day!

I’ve already traded it 3 times since the spike on February 12.

A starting stake of $16,575:

A starting stake of $16,710:

A starting stake of $15,696:

It’s not a 100% guarantee that BMR will push to new highs.

Nothing is guaranteed when it comes to the stock market.

But we know that volatile stocks can follow popular patterns. And we know that past spikers can spike again.

The next time BMR goes on a run, there are patterns that we can use to trade the price action.

The Best Tech and Artificial Intelligence Penny Stocks: The Bottom Line

I hope this watchlist gives you a sense of what tech stocks have to offer. They run the gamut from the biggest companies in the world to the crappy stocks I love to trade…

This sector can mean potential profits. But you have to be vigilant. Keep your watchlists current and your powder loaded.

The next Tesla could show up at any time.

What do you think about the stocks on this watchlist? Did it give you some ideas for your own watchlists? Let me know in the comments — I love hearing from my readers!

Frequently Asked Questions

How Should You Value AI Companies?

Valuing AI companies is a complex task that involves a deep dive into their financials, growth prospects, and market demand. Traditional metrics like earnings and revenue are important, but you also need to consider factors like data acquisition capabilities and the quality of their machine learning algorithms. From my experience, understanding the nuances of an AI company’s value can make or break your portfolio.

What AI Company Is Elon Musk Investing In?

Elon Musk recently launched xAI, billed as a ChatGPT alternative. Musk was a founding board member and investor in OpenAI, the company behind ChatGPT. He stepped away due to potential conflicts with Tesla’s AI development for self-driving cars.

How Do You Invest in the AI Industry?

Investing in the AI industry requires a well-thought-out strategy. You need to diversify your investments across various sectors like analytics, machine learning, and data security. You can use a mix of financial instruments like securities, equities, and even some options to balance out the risks and potential rewards.

What Information Can I Find in AI Articles?

By reading widely, you’ll find valuable information and insights related to artificial intelligence businesses and their customers. They often have content that contains various links to research and services, aimed to help you better understand this market.

What Determines the Market Cap of AI Penny Stocks?

The market cap of AI penny stocks is determined by a variety of factors including their momentum and results in the market. Monitoring these can give you an idea of their potential for profit.

How Can Services and Research Aid My Investment?

Services provide tools and platforms that can assist you in making informed decisions. The research, on the other hand, provides deeper insights into market trends, business models, and potential for profit, for stocks ranging from powerhouses like Tesla (TSLA), NVIDIA (NVDA), and Microsoft (MSFT) to penny stocks like AMST, POAI, and PBTS.

*Past performance does not indicate future results