3 Little-Known AI Stocks With Mind-Blowing 1,000% Upside Potential

Core Viewpoint - The AI hype has plateaued, but AI stocks remain popular, with caution advised against chasing potential upside in overhyped companies [1] Group 1: AI Market Overview - The AI revolution encompasses various industries beyond generative chatbots, with many companies utilizing AI technology [2] - Some AI stocks are undervalued and could provide significant returns if they gain traction [2] Group 2: Gorilla Technology (GRRR) - Gorilla Technology, a video intelligence and IoT company, reported revenues of $64.7 million, a 188.7% year-over-year increase [4] - The stock has been trading sideways, with a peak of $11.2 this year, but offers a safe entry point around $5 due to its historical floor [5] - Adjusted EBITDA reached $29 million, up 587%, indicating strong profit potential [5] - Projected revenues for 2024 are $79 million, supported by a solid sales pipeline, although cash reserves are at $34 million [6] Group 3: Coda Octopus (CODA) - Coda Octopus specializes in 3D sonar solutions and AI-driven seabed classification [8] - Revenue fell 20% year-over-year due to funding delays and supply chain issues, but the marine technology segment shows signs of recovery [9] - Profit margins are improving, and management is optimistic about demand for offshore renewable energy projects [10] - The stock has experienced volatility but may benefit from a cash build-up as the company expands [11] Group 4: Viant Technology (DSP) - Viant Technology is an AI-powered advertising company with a 28% year-over-year revenue increase, driven by a 50% rise in connected TV advertising [14] - The company utilizes patented Household ID technology for targeted advertising, enhancing ad performance across platforms [15] - Early success in streaming audio advertising contributes to growth, accounting for 10% of first-quarter revenue [16] - The stock is undervalued at 0.6 times forward sales, with significant potential for margin expansion and projected EPS growth from 40 cents to 62 cents over three years [16]