In This Article: Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ( see more details here ). A delivery truck driver with a satisfied customer at the end of a successful delivery. Freight Technologies, Inc. (NASDAQ:FRGT) Freight Technologies, Inc. (NASDAQ:FRGT) is a logistics management innovation and technology company that provides a vast portfolio of technology-driven solutions. On March 4 th , the company announced the launch of its advanced AI Tendering Bot, an innovative solution aimed at automating and streamlining the load tendering process for shippers and freight brokers. This innovation marks a strategic shift to a Software-as-a-Service (SaaS) model, enabling the company to achieve operational improvements and efficiencies through new technology. The AI Tendering Bot identifies key load information, posts structured load data into the Fr8app marketplace, and then automates the transcription and organization of load requests, thereby reducing manual intervention. It has been fully integrated also with Fleet Rocket, Fr8Tech's cutting-edge Transport Management Systems (TMS) solution for brokers, achieving enhanced efficiency, cost reductions, improved accuracy, and real-time visibility. "Our new AI Tendering Bot represents a significant milestone in Fr8Tech's digital transformation journey. By automating the load tendering process, we are not only driving down operational costs but also delivering faster, more reliable service to our customers. This innovation aligns perfectly with our 2025 targets: to automate our operations, enhance service levels for key enterprise clients, and expand the innovative capabilities of our SaaS TMS solution, Fleet Rocket. Developed in collaboration with Trebu.ai, a Y Combinator-backed startup specializing in AI automation, this bot leverages cutting-edge technology to streamline freight management like never before." Overall FRGT ranks 11th on our list of the AI stocks that are making headlines. While we acknowledge the potential of FRGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FRGT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap . Disclosure: None. This article is originally published at Insider Monkey .
