And those looking for an up-and-coming growth name with tremendous potential in the AI space should consider iCAD (NASDAQ: ICAD). The firm uses AI to detect breast cancer more proficiently than mammographies, and it has formed alliances with GE Healthcare (NASDAQ:GEHC), Alphabet (NASDAQ:GOOG,GOOGL), and two of America’s largest owners of clinics that specialize in mammographies.
In my view, iCAD’s current market capitalization of $38 million far undervalues the firm.
On the date of publication, Larry Ramer held long positions in SMCI and ICAD. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.
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