2 Speculative AI Stocks Trading Under $20 to Buy in April

Group 1: Market Overview - The recent stock market comeback and subsequent selloff illustrate the difficulties of market timing, making it nearly impossible to accurately predict market tops or bottoms [1] - The Nasdaq has experienced a remarkable 95% increase since early 2020, encompassing both the rapid COVID bear market and the extended bear market of 2022 [1] - The recent rally emphasizes the importance of maintaining consistent exposure to the stock market, regardless of potential future drawdowns [1] Group 2: IREN Limited (IREN) - IREN Limited's stock is currently priced at $7 per share, trading 185% below its average Zacks price target, and offers exposure to Bitcoin mining, AI data center expansion, and renewable energy growth [3][10] - The company operates data centers powered entirely by renewable energy, with Bitcoin mining currently driving most of its sales, while significant growth potential exists in AI data centers and high-performance computing [4][5] - IREN reported a 150% revenue growth in FY24, with Q2 FY25 sales increasing by 125%, largely due to a 129% surge in Bitcoin mining [8] - The company is projected to transition from an adjusted loss of -$0.29 per share last year to a profit of +$0.38 in FY25, with anticipated sales growth of 200% in FY25 and 85% in FY26, reaching $1.04 billion in FY26 [9][10] - IREN has a robust balance sheet, with $456 million in cash and equivalents, $1.85 billion in total assets, and $566 million in total liabilities, leading to a strong buy recommendation from 11 of 12 tracked brokerages [10] Group 3: Opera Limited (OPRA) - Opera Limited focuses on AI-driven content discovery and privacy tools, positioning itself to capture a growing share of the online ecosystem as traditional search engines decline [15] - The company reported 296 million average monthly active users in 2024, with total FY24 revenue increasing by 21% to $480.7 million [19] - Opera's FY25 consensus earnings estimate increased by 32%, with projected revenue growth of 18% in 2025 and 16% in 2026, leading to adjusted earnings growth of 39% and 29%, respectively [20] - Despite a 37% decline from summer 2023 peaks, OPRA stock has matched the Tech sector's performance over the past year and significantly outperformed it over the last five years [21] - The stock trades at a 44% discount to the Tech sector, with a forward P/E ratio of 14.1X and offers a dividend yield of approximately 4.4% [23]