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With a share price under $3 and strong hedge fund interest, Conduent Incorporated (NASDAQ:CNDT) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3.
Conduent Incorporated (NASDAQ:CNDT) entered into a strategic partnership with Fairmarkit, an AI-powered sourcing platform. With this move, CNDT will supercharge its FastCap Finance Analytics solution, streamlining procurement workflows and enhancing sourcing accuracy, while enabling new cost-saving opportunities. The platform has already generated over $800 million in savings since 2021.
Furthermore, Fairmarkit’s autonomous technology will help Conduent Incorporated (NASDAQ:CNDT) achieve an additional 3-6% in savings. This collaboration integrates real-time analytics with automated bidding and expanded supplier options, offering a toolkit that allows businesses to optimize tail spend and ensure compliance.
Conduent Incorporated (NASDAQ:CNDT) offers digital business solutions by leveraging AI, automation, and data analytics. It is included in our list of the best AI stocks.
While we acknowledge the potential of CNDT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts.
Disclosure: None.
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