Investors have other AI options like Fortinet (FTNT) and Soundhound AI (SOUN) with strong potential.

From Nasdaq: 2024-05-30 09:07:00

Nvidia (NVDA) continues to dominate the AI sector, with its stock soaring 131.9% this year. However, investors have other options like Fortinet (FTNT) and Soundhound AI (SOUN) which show strong promise in the cybersecurity and voice AI tech fields respectively. Both stocks are gaining traction and are worth considering for long-term growth.

Fortinet (FTNT) is a leading player in the cybersecurity industry, offering a diverse range of products and services. In the first quarter of 2024, the company saw revenue grow by 7% and net income rise by 26%. Analysts predict further revenue and earnings growth in 2024 and 2025, making FTNT stock a moderate buy with a potential upside of 17.6%.

Soundhound AI (SOUN), valued at $1.6 billion, is making waves in the voice AI technology space. Its revenue surged by 73% in the recent quarter, driven by increased adoption of their Houndify platform. Analysts predict strong revenue growth for 2024 and beyond, highlighting SOUN stock as a strong buy with a potential upside of 52.5%.



Read more at Nasdaq: Missed Out On Nvidia? 2 AI Stocks That Could Soar This Year