We recently published our article 10 Cheap AI Stocks That Could Make You a Millionaire. In this article, we discuss  Amkor Technology Inc. (NASDAQ:AMKR) as one of the stocks gaining attention, and here’s a closer look at why it stands out in today’s market.

Artificial intelligence is no longer confined to Silicon Valley laboratories or science-fiction movies. It is already changing cloud computing, semiconductor production, customer service, digital advertising, defense, automation and creative software. Interestingly, the term “artificial intelligence” was introduced in 1956, but it took decades of advances in computing power, data and cloud infrastructure to turn AI into a major commercial industry.

The opportunity is also much bigger than chatbots. Every AI application depends on processors, advanced semiconductor packaging, servers, storage systems and high-speed networks. Businesses are also adopting AI agents to answer calls, automate office tasks, analyze information and create digital content. This expanding ecosystem has encouraged investors to search for the best cheap AI stocks to buy now.

What Really Makes an AI Stock Cheap?

A low share price does not automatically make a company undervalued. A $5 AI stock can still be expensive if the business generates little revenue, continues losing money and repeatedly issues new shares. Meanwhile, a profitable company trading above $100 may qualify as one of the best undervalued AI stocks if its earnings, cash flow and growth potential support a much higher valuation.

For this reason, experienced investors examine price-to-earnings ratios, price-to-sales multiples, revenue growth, free cash flow, debt and shareholder dilution. The strongest artificial intelligence stocks usually combine genuine AI exposure with an established business model, improving financial performance and a valuation that still leaves room for long-term growth.

Can AI Stocks Really Make Investors Millionaires?

The millionaire potential makes a powerful headline, but the mathematics should remain clear. Turning $10,000 into $1 million requires a 100-fold return. Such gains can happen, particularly among successful small-cap growth stocks, but they are extremely rare and normally require years of strong execution.

Artificial intelligence has also experienced several boom-and-bust periods known as “AI winters.” The present AI boom has much stronger commercial foundations, but revolutionary technology does not guarantee that every company will succeed. The internet changed the world, yet many internet stocks disappeared after the dot-com bubble.

How the 10 Cheap AI Stocks Were Selected

This ranking considers valuation, AI-related revenue potential, financial strength, competitive advantages, business momentum and long-term growth opportunities. Companies were penalized for continuing losses, excessive dilution, weak balance sheets, customer concentration and uncertain paths to profitability.

The final list includes AI software stocks, semiconductor companies, cloud-computing providers, automation specialists, conversational AI developers and data-center infrastructure businesses trading on the New York Stock Exchange and Nasdaq. Market prices and valuation figures are based on the latest available U.S. trading data as of September 4, 2026.

The countdown begins with the most speculative selection at No. 10 and ends with the strongest risk-adjusted AI stock at No. 1. None can guarantee millionaire-making returns, but each provides a different way to participate in the continuing artificial intelligence revolution.

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Our Methodology

To come up with our list of the 10 Cheap AI Stocks That Could Make You a Millionaire, we ranked each company based on its valuation, AI exposure, growth potential, financial strength, competitive advantages and overall investment risk.

10 Cheap AI Stocks That Could Make You a Millionaire

7. Amkor Technology Inc. (NASDAQ:AMKR)

Amkor Technology, Inc. (NASDAQ: AMKR) reaches seventh place as an indirect but important AI semiconductor investment. It does not design famous graphics processors or operate a generative AI chatbot. Instead, it provides semiconductor packaging and testing services that help transform advanced chips into usable products.

Modern AI processors contain increasingly complicated architectures, massive computing requirements and high-bandwidth connections. As chip designs become more advanced, packaging is no longer a minor final step in manufacturing. It has become a critical part of performance, power efficiency and system reliability.

That development creates an opportunity for semiconductor packaging companies. The rapid construction of AI data centers is generating demand not only for processors but also for memory, networking equipment, power systems and advanced packaging capacity. This gives the company exposure to the broader AI infrastructure boom without requiring it to compete directly against the largest chip designers.

Second-quarter 2026 net sales climbed 26% to a record $1.90 billion. Operating income increased to $200 million from $92 million in the comparable period, while net income reached $174 million. Management specifically highlighted progress in AI and high-performance computing programs and continued investment in advanced packaging capacity.

At approximately $47.77 per share and about 21.5 times trailing earnings, the valuation remains more reasonable than those of several popular AI chip stocks. The company also reported $2.5 billion in cash and short-term investments, although it carried an equivalent amount of debt.

The biggest risk is cyclicality. Semiconductor demand can move sharply in both directions, while new factories require substantial capital spending. Nevertheless, the company’s position inside the AI hardware supply chain makes it a practical picks-and-shovels investment for those seeking cheaper alternatives to the most expensive semiconductor names.

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Disclosure: No material interests to disclose. This article was originally published on Global Market Bulletin.