AI stocks like SoundHound AI, Palantir Technologies, and Meta Platforms have seen explosive growth

From Nasdaq: 2025-01-15 10:00:00

The U.S. stock market has seen significant growth due to AI, with the S&P 500 rising over 50% in the past two years. Meta Platforms, SoundHound AI, and Palantir Technologies have seen explosive returns of over 400%, 700%, and 900% respectively since 2023.

SoundHound AI specializes in audio and conversation-based AI technology, with revenue growth of 89% in Q3. However, its high enterprise value and low revenue scale make it an expensive stock, potentially needing a pullback.

Palantir Technologies, a profitable AI software company, has seen accelerated revenue growth and has huge potential with only 629 commercial customers. Despite its success, the stock’s valuation may need to cool off for sustainable growth.

Meta Platforms, with a $1.5 trillion market cap, generates significant revenue from digital advertising and AI technology. With a PEG ratio of 1.3, analysts estimate 18% annual earnings growth, making a 40%-50% run possible in the future.

Investors should stay informed with Breakfast news in their inbox every market day for potential lucrative opportunities with “Double Down” stock recommendations. Companies like Nvidia, Apple, and Netflix have shown significant returns with this strategy in the past.



Read more at Nasdaq: Can These Artificial Intelligence (AI) Stocks Maintain Their Meteoric Growth Trajectory?