From Nasdaq: 2024-09-14 04:12:00

Semiconductor company Nvidia has led the S&P 500 higher this year amid growing interest in artificial intelligence (AI). Wall Street analysts are highlighting SoundHound AI and Tesla as potential investments. SoundHound expects 98% upside, while Tesla could reach $2,600 by 2029, implying 1,040% upside. Investors should consider the details before making decisions.

SoundHound AI specializes in voice AI products for various industries and has seen significant revenue growth. Wall Street expects revenue to surge annually through 2025, making its current valuation look tolerable. Patient investors can consider buying, but shouldn’t expect 98% upside in a year. Tesla, on the other hand, is a leader in battery electric vehicles but faces challenges in market share. Tesla believes full self-driving technology will drive future profitability and has plans for autonomous ride-hailing. The company’s Q2 financial results were disappointing, with revenue increasing 2% and net income declining 45%. Wall Street anticipates 21% annual earnings growth through 2025, though the current valuation looks expensive. Ark Invest’s $2,600 price target implies significant growth potential, but investors should manage expectations and approach with caution.

Investors considering Tesla should evaluate other potential opportunities amid the evolving market landscape. The Motley Fool Stock Advisor recently identified 10 stocks offering significant growth potential, which could lead to substantial returns in the years to come. Understanding the nuances of each investment opportunity and maintaining a diversified portfolio are crucial for long-term success in today’s market environment.



Read more at Nasdaq: 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar 98% and 1,040%, According to Certain Wall Street Analysts (Hint: Not Nvidia)