Stocks

3 Top Tech Stocks Under $20: Unearthing Hidden Gems in the Tech Industry

Published January 29, 2024

The world of investing is replete with opportunities, and among the diverse sectors, technology continues to be a hotbed of innovation and growth. Yet, the allure of high-priced stocks often overshadows lower-priced shares that may hold significant potential. For investors looking for affordable entry points into the tech market, there are hidden gems worth considering—promising tech stocks trading under $20 per share. Bear in mind, the nominal price of a stock alone isn't indicative of its value or potential; the underlying business fundamentals are key.

SoundHound AI, Inc.: Empowering Conversations with AI SOUN

Trading under the ticker SOUN, SoundHound AI, Inc. is at the forefront of the AI revolution. This company is carving out its niche by developing an independent voice AI platform that assists businesses across various sectors to create meaningful conversational experiences for customers. Based in the tech hub of Santa Clara, California, SoundHound is well-positioned to capitalize on the burgeoning demand for voice-enabled technologies, making its stock one to watch.

Toast, Inc.: Modernizing the Restaurant Industry TOST

Toast, Inc., with its ticker symbol TOST, stands out as an innovator in the foodservice technology sector. The company's cloud-based platform is transforming how restaurants operate in the United States and Ireland, providing solutions that span from point of sale to sophisticated analytics. Headquartered in Boston, Massachusetts, Toast is responding to the tech needs of the restaurant industry, and its stock could be a valuable pick for investors eyeing the intersection of technology and hospitality.

Finding stocks with robust business models and growth prospects that haven't been fully recognized by the market can be a wise strategy for investors. As such, SOUN and TOST represent just a sample of the tech stocks that can be acquired for less than $20 per share, offering an accessible route to investment in the ever-evolving tech landscape.

investment, technology, value