3 Hot Stocks That Have Already Doubled in 2023
A lot of investors are seeing their portfolios move higher in 2023, but some stocks are outright feasting in this climate where out-of-favor names are back in fashion. We may be just halfway through the second month of the year, but dozens of stocks have already more than doubled.
Shares of SoundHound AI (NASDAQ: SOUN), Opendoor (NASDAQ: OPEN), and Velo3D (NYSE: VLD) are trading a respective 121%, 102%, and 105% higher so far this year through Wednesday's close. What's making those names tick? Let's take a closer look at these three hot stocks that are on the move.
When you think about conversational intelligence, you might concoct images of Ivy Leaguers at a cocktail party or a Mensa speed-dating event -- but it's a lot cooler than that for SoundHound AI. The company operates an independent voice artificial intelligence (AI) platform, giving businesses a way to use AI-enhanced tools for speech recognition, transcription, and computer-generated speech to deliver a better conversational experience for their customers.
Source Fool.com
