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Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is among the best AI stocks to buy under $25. The stock has risen around 20% in the past month and 95% over the past 12 months.

Clients are showing strong satisfaction with Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)โ€™s AI-based security screening systems for public spaces. This can be seen from clients renewing and sometimes expanding their service agreements with the company.

On April 14, Evolv Technologies announced a multi-year renewal and expansion of its partnership with Crypto.com Arena in Los Angeles. The arena initially signed up for the Evolv Express people-screening system in 2024. In the refreshed partnership, the arena has renewed its subscription for the Evolv Express system and added the Evolv eXpedite bag-screening system.

The Crypto.com Arena is home to the Los Angeles Lakers, Los Angeles Sparks, and Los Angeles Kings. The venue hosts more than 200 events and draws more than four million guests annually.

Evolv Technologies has also recently renewed and expanded its partnership with MLB team Houston Astros. On March 18, it announced an expanded agreement in which the Houston Astros upgraded its Express fleet to the latest technology and added the Evolv eXpedite systems to its subscription. Evolv Technologies has been serving this client since 2023.

Massachusetts-based Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) develops AI-based, touchless security screening systems. Its screening technology can detect concealed weapons and threats without requiring people to stop or remove personal items. Evolv systems are used to make public spaces like stadiums, schools, hospitals, and entertainment centers safer.

While we acknowledge the potential of EVLV 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 theย best short-term AI stock.

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