SoundHound AI's latest results showed how the company benefits from impressive growth in the demand for voice-recognition technology. Nvidia's leadership in AI chips allows it to make the most of the booming chip demand.
The top U.S. stock market indices continue to notch fresh highs, with the heightened enthusiasm surrounding potential interest rate cuts this year. Market analysts are pricing in a couple of rate cuts later this year of 25 basis points each.
SoundHound AI is making a name for itself in AI-powered voice recognition. The company faces intense competition from big tech and is still witnessing hefty operating losses despite accelerating revenue.
Strong results from Nvidia (NASDAQ: NVDA ) are propelling other artificial intelligence (AI) stocks higher, including SoundHound AI (NASDAQ: SOUN ) stock. SoundHound specializes in voice AI applications.
Artificial Intelligence (“AI”) is increasingly emerging as a pivotal force shaping the future of technology. As a key player in the AI revolution, Nvidia (NASDAQ: NVDA ) has been leading the list of AI stocks to buy.
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