Smaller artificial intelligence stocks have seemingly gone parabolic at the close of 2024, especially those that have been backed by Nvidia (NVDA -2.09%) in the form of an investment. Although Nvidia invested a mere $3.7 million in voice-AI start-up SoundHound AI (SOUN -1.16%) about a year ago, that investment put SoundHound squarely on the map as a potential AI winner.
Risk-tolerant investors hunting for growth often gravitate toward technology stocks -- and for good reason. These companies are driving some of the world's top social, economic, and cultural changes, after all.
SoundHound AI (SOUN 17.89%) stock is posting big gains in Thursday's trading. The company's share price was up 17.9% as of 12:30 p.m.
SoundHound AI (SOUN -0.93%) stock has more than quadrupled over just the last three months. Shares of the maker of voice recognition artificial intelligence (AI) technology solutions are now higher by 860% year to date.
SoundHound AI (SOUN -0.93%) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period thanks to the growing AI craze, an investment in the company by Nvidia, and solid results from the company in recent quarters.
SoundHound AI (SOUN -0.93%) emerged as one of the hottest technology sector growth stocks on Wall Street. At the time of this writing, shares have skyrocketed an astonishing 870% year to date, powered by mounting market enthusiasm for the company's innovative artificial intelligence (AI) solutions that may just be at the beginning of transformative long-term growth.
With shares rocketing higher so far this year, SoundHound AI (SOUN -6.09%) demonstrates the millionaire-making potential of stock market investing. A $10,000 investment made at the start of 2024 would be worth $97,300 today.
These days, you can't find an investment bank analyst who's not excited about a handful of artificial intelligence (AI) stocks. Since ChatGPT exploded in popularity in late 2022, businesses of all sizes have been hurling money at new AI solutions with both hands to avoid getting left behind.
Zacks.com users have recently been watching SoundHound AI (SOUN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
2024 has been the year of the artificial intelligence (AI) boom. Mega-cap stocks like Nvidia and Broadcom have soared to incredible heights thanks to their exposure to the AI industry.
It's looking increasingly likely that the artificial intelligence (AI) boom could extend into 2025 as new applications and advancements come to light.
SoundHound AI (SOUN 15.38%) is likely one of the cheapest artificial intelligence (AI) stocks available (at least on a dollar-per-share basis). While most brokerages offer fractional shares, not all do, and that can limit what stocks investors can buy.