AI stocks SoundHound AI and AMD are positioned for growth in the evolving AI landscape

From Nasdaq: 2024-12-25 06:00:00

Artificial intelligence (AI) has revolutionized customer service and data processing, driving the S&P 500’s surge. PwC predicts AI will add $15.7 trillion to the global economy by 2030, transforming businesses. Two companies, SoundHound AI and AMD, are poised to capitalize on the AI revolution through voice AI and competitive AI chips, respectively.

SoundHound AI’s revenue soared by 89% as it expands its AI solutions. The company serves global quick-service restaurant chains and is diversifying into finance and healthcare. Partnering with automotive manufacturers like Stellantis, SoundHound AI is well-positioned in the growing voice AI market with a first-mover advantage.

AMD’s data center revenue jumped 122% year-over-year, driven by its AI GPUs. With a strategic partnership with Taiwan Semiconductor Manufacturing, AMD offers competitive pricing and innovative technology. The AI accelerator market is projected to reach $500 billion by 2028, positioning AMD as a strong competitor to Nvidia in the AI chip market.

Investors looking to profit from the AI revolution can consider SoundHound AI for voice AI exposure and AMD for AI chip infrastructure. These companies are reshaping industries and customer interactions, offering unique opportunities for growth in the evolving AI landscape. Don’t miss out on the potential returns from investing in these innovative AI players.



Read more at Nasdaq: My Top 2 AI Stocks for 2025