Nvidia Just Bought This Under-the-Radar Artificial Intelligence (AI) Stock. Should You Buy It, Too?
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Nvidia has added more than $1 trillion to its market capitalization over the last 12 months. The tech giant filed a 13F form last week that revealed investments in other AI stocks at the end of 2023. SoundHound AI is one of those stocks, and the small company is packed with potential. SoundHound AI is a leader in conversational AI, developing voice-based AI technologies with applications in consumer-facing industries and automotive. SoundHound's financial results for 2023 are expected to show 49% growth compared to the previous year. Nvidia also made investments in semiconductor designer Block, restaurant technology provider Toast, and autonomous technology companies Tusimple Holdings and Stellantis. While Nvidia's investment in SoundHound AI doesn't provide much insight into its future potential, the company's innovative technology and growing customer base make it an interesting investment option, albeit with volatility.

#Nvidia #SoundhoundAi #ArtificialIntelligence #ConversationalAi #Investing

https://www.fool.com/investing/2024/02/18/nvidia-bought-under-the-radar-ai-stock-you-buy-too/