Better Artificial Intelligence Stock: SoundHound AI vs. Palantir
Which of these volatile AI stocks is a better investment right now?
SoundHound AI (NASDAQ: SOUN) and Palantir Technologies (NASDAQ: PLTR) are both well-positioned to profit from the rapid growth of the artificial intelligence (AI) market. SoundHound develops AI-powered speech and audio recognition tools, while Palantir's AI-driven data mining services help government agencies and large companies make faster and smarter decisions.
SoundHound went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022, and the combined company's stock started trading at $8.72 per share. Palantir went public via a direct listing on Sept. 30, 2020, and its stock opened at $10. SoundHound's stock now trades just below $10, but Palantir's stock has surged to nearly $115. Let's see why Palantir outperformed SoundHound AI by such a wide margin -- and if it's still the better AI play right now.
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