SOUN - 2 Fast-Growing -- But High-Risk -- Artificial Intelligence Stocks That Could Soar 66% to 118% According to Wall Street
2023-08-29 06:00:00 ET
Artificial intelligence (AI) captured investors' attention this year when OpenAI's online chatbot, ChatGPT, gave the world a glimpse of the technology's capabilities. Companies have since clamored to get their hands on generative AI tools to boost productivity and transform customer experiences.
It sparked a race among start-ups and tech-sector leaders alike to fill their data centers with semiconductor hardware powerful enough to develop, train, and deploy AI. Chip giant Nvidia has been the primary beneficiary of that demand wave, and investors have sent its stock soaring by more than 200% this year so far.
But there is more than one way to play the AI boom, and some companies operating in this space are still flying under the radar. Opera Limited (NASDAQ: OPRA) and SoundHound AI (NASDAQ: SOUN) are two great examples. They're still relatively small companies and carry a higher degree of risk than established players like Nvidia, but each has significant potential.
For further details see:
2 Fast-Growing -- But High-Risk -- Artificial Intelligence Stocks That Could Soar 66% to 118%, According to Wall Street