The AI market is booming, with Nvidia leading the charge with a 400% increase in stock value. However, other AI stocks like SoundHound AI (NASDAQ: SOUN) show promising potential for growth and are undervalued in the market.

SoundHound AI, founded in 2005, specializes in sound-related AI technology for vehicles, restaurants, call centers, and healthcare services. With partnerships with major car manufacturers and fast food chains, SoundHound’s innovative AI solutions are gaining traction in various industries, backed by over 200 patents.

Nvidia’s $4 million investment in SoundHound highlights the company’s potential in the AI market. SoundHound’s AI platform, powered by Nvidia chips, offers unique features like voice-enabled information retrieval in vehicles. Despite high sales multiples, SoundHound’s rapid revenue growth and market cap make it an attractive investment opportunity.

Investing in SoundHound AI may hold long-term potential, as the company continues to expand its AI technology across various sectors. While it may not be part of the Motley Fool’s top 10 stock picks, past successes like Nvidia’s meteoric rise show the potential for significant returns in the AI industry.

Read more at Nasdaq: 1 Top Artificial Intelligence (AI) Stock Ready for a Bull Run