Zacks.com Analyst Blog highlights CoreWeave, Inc. and SoundHound AI, Inc. as key players in the AI revolution. CoreWeave’s shares surged over 220% this year, while SoundHound AI saw a 110% increase. CoreWeave’s revenues grew by over 400% in the first quarter, with expected revenue growth of 105% to $16.6 billion by 2027.

SoundHound AI benefits from rising demand for voice automation in restaurants, securing clients like Casey’s General Stores and Chipotle Mexican Grill. The conversational AI market is projected to reach $49.80 billion by 2031, providing opportunities for SoundHound AI to enhance customer acquisition. SoundHound AI expects revenues this year to range from $157 million to $177 million.

CoreWeave, backed by NVIDIA, faces challenges with significant debt totaling $8.7 billion and reliance on Microsoft as its main customer. SoundHound AI has seen stock value growth due to broad acceptance of its voice AI but has yet to become profitable, as it recorded losses of $188 million in the past year. SoundHound AI stock has a Zacks Rank #3 (Hold), while CoreWeave has a Zacks Rank #4 (Sell).

Read more at Nasdaq: The Zacks Analyst Blog Highlights CoreWeave, SoundHound, NVIDIA, Microsoft, Amazon.com, Casey’s General Stores and Chipotle Mexican Grill