Better Artificial Intelligence Stock: AT&T vs. SoundHound AI
The steady telecommunications giant and rapidly growing software company fared similarly over the past year.
Technology routinely affects nearly every part of the economy. In other words, companies that aren't traditional technology stocks can benefit from artificial intelligence (AI).
U.S. telecommunications giant AT&T (NYSE: T) is a great example. As devices and machines become more intelligent and capable, they could depend more on network communications. Meanwhile, a young, up-and-coming business like SoundHound AI (NASDAQ: SOUN) could be a big winner as it develops and carves out its share of the technology landscape over the coming years.
Although these stocks represent wildly different businesses, both performed well over the past year. SoundHound AI is up 97%, while AT&T has risen 68%. But which AI stock is better to buy now and hold for the future?
