The artificial intelligence sector is booming, with SoundHound AI and BigBear.ai showing impressive growth despite both companies being unprofitable. SoundHound’s Q2 sales skyrocketed 217% year over year, with revenue hitting $42.7 million. BigBear.ai, on the other hand, saw a sales decline of 18% due to U.S. government spending cuts. While SoundHound aims for profitability by year-end, BigBear.ai is seeking international expansion opportunities. SoundHound emerges as the better investment choice currently, with a strong revenue outlook and solid balance sheet. However, due to its high price-to-sales ratio, it may be wise to wait for a price drop before considering an investment.
Read more at Yahoo Finance: Better Artificial Intelligence Stock: SoundHound AI vs. BigBear.ai
