1 Reason SoundHound AI Could Be the Next Nvidia
Growth investors are racing to find the next Nvidia. Since 1999, its shares have risen by more than 253,000%. A relatively small investment would have turned into millions of dollars over that time frame.While there are some distinct differences, SoundHound AI (NASDAQ: SOUN) has one major similarity to Nvidia. The latter's rise, especially in recent years, is fueled by the rise of artificial intelligence (AI). Based on this, SoundHound investors have a front row seat to future growth.Perhaps the biggest contributor to the rise of Nvidia in recent years has been the rapid increase in investment for AI infrastructure. The company manufactures specialized GPUs that are crucial for training and running AI networks and services. Increased spending on nearly anything AI ultimately results in higher demand for its products.Continue reading
Growth investors are racing to find the next Nvidia. Since 1999, its shares have risen by more than 253,000%. A relatively small investment would have turned into millions of dollars over that time frame.
While there are some distinct differences, SoundHound AI (NASDAQ: SOUN) has one major similarity to Nvidia. The latter's rise, especially in recent years, is fueled by the rise of artificial intelligence (AI). Based on this, SoundHound investors have a front row seat to future growth.
Perhaps the biggest contributor to the rise of Nvidia in recent years has been the rapid increase in investment for AI infrastructure. The company manufactures specialized GPUs that are crucial for training and running AI networks and services. Increased spending on nearly anything AI ultimately results in higher demand for its products.
