As the artificial intelligence sector continues to revolutionize industries across the globe, investors are increasingly seeking high-potential, low-cost AI stocks. MasterQuant, a leading AI-driven investment analytics platform, has just released its updated list of the most undervalued AI stocks in mid-2024. Backed by powerful machine learning algorithms and real-time market data, MasterQuant’s latest analysis offers valuable insights for investors looking to capitalize on the next wave of AI growth.

MasterQuant: Powering Smarter AI Stock Picks

MasterQuant leverages cutting-edge artificial intelligence to scan, analyze, and rank stocks in real time. The platform considers over 150 data points including earnings growth, price-to-earnings ratio, innovation score, AI R&D intensity, and insider activity to evaluate opportunities across public markets. Its proprietary algorithmic models are designed to detect hidden value in AI-related companies often overlooked by traditional analysts.

With the market becoming increasingly crowded with AI-driven narratives, MasterQuant’s mission is to separate hype from value—making it the go-to AI investment guide for both novice and professional investors.

Top Cheap AI Stocks Identified for June 2024

As of June 27, 2024, MasterQuant has identified the following AI stocks as undervalued and positioned for growth in the upcoming quarters:

1. C3.ai Inc. (NYSE: AI)

C3.ai continues to deliver robust software solutions to the defense and manufacturing sectors. Despite recent market fluctuations, MasterQuant’s model identifies its current price-to-sales ratio and strong backlog of contracts as signs of future upside.

2. SoundHound AI Inc. (NASDAQ: SOUN)

With strategic partnerships in automotive and consumer electronics, SoundHound has grown its AI speech platform significantly. The company’s low valuation compared to future projected earnings signals a prime buying opportunity.

3. BigBear.ai Holdings Inc. (NYSE: BBAI)

BigBear.ai has made strides in AI-driven analytics and predictive modeling, particularly in national security applications. MasterQuant’s algorithm notes strong insider accumulation and improving revenue metrics.

4. Symbotic Inc. (NASDAQ: SYM)

While often under the radar, Symbotic’s warehouse automation technologies powered by AI have gained adoption in major retail chains. Its valuation is considered attractive given its revenue growth trajectory.

5. Veritone Inc. (NASDAQ: VERI)

Veritone has diversified its AI capabilities across media, legal, and government sectors. The company’s AI-driven media analytics platform shows promise for long-term scalability, with its share price currently below intrinsic valuation.

Why These Picks Matter: AI Growth and Economic Tailwinds

The second half of 2024 presents unique macroeconomic conditions favorable to AI investment. With declining interest rates, increasing enterprise AI adoption, and rapid technological advancements, undervalued AI companies are poised to benefit significantly.

MasterQuant's platform factors in these macro variables, adjusting its recommendations dynamically. According to data, AI adoption across Fortune 500 companies has increased by 32% year-over-year, creating momentum for enabling technologies and services.

How MasterQuant Evaluates AI Stocks

MasterQuant’s AI stock evaluation process includes:

• Fundamental Analysis: Revenue growth, net income trends, and R&D expenditure.

• Sentiment Analysis: Social media and news coverage trends.

• Technical Signals: Moving averages, volume shifts, and momentum indicators.

• Institutional Behavior: Hedge fund holdings and insider transactions.

• AI Innovation Index: A proprietary score measuring AI innovation and patent activity.

The MasterQuant Advantage

Unlike conventional investment platforms, MasterQuant is purpose-built to specialize in AI-sector intelligence. With the AI investment landscape growing rapidly, MasterQuant aims to provide transparency, data-driven accuracy, and predictive insights to retail and institutional investors alike.

“Our mission is to democratize access to AI-driven investment intelligence,” said Ethan Zhao, Chief Research Officer at MasterQuant. “The next Google or Amazon in AI is already in the market—just not yet priced like it.”

A Surge in User Adoption

Since Q1 2024, MasterQuant has seen a 65% increase in user registrations. Most users cite “AI stock discovery” and “cheap AI stock alerts” as top reasons for joining the platform. The MasterQuant mobile app, launched in May 2024, now boasts over 500,000 downloads globally.

What’s Next: MasterQuant AI Index

In Q3 2024, MasterQuant plans to release the MasterQuant AI Index, a proprietary benchmark tracking the top 25 high-performing, undervalued AI stocks. The index will serve as a tool for ETFs, fund managers, and long-term investors to benchmark performance.

Conclusion

As the AI revolution accelerates, spotting undervalued opportunities early is key. MasterQuant empowers investors with precision tools, AI-curated insights, and a platform optimized for next-gen investing. With companies like C3.ai, SoundHound, and Symbotic entering high-growth phases, the potential for outsized returns is real—and accessible.

To learn more or sign up for a free trial of MasterQuant’s AI-powered investment tools, visit www.masterquant.com.