Better Artificial Intelligence (AI) Stock: Nvidia vs. SoundHound AI
Artificial intelligence (AI) stocks Nvidia (NASDAQ: NVDA) and SoundHound AI (NASDAQ: SOUN) have been in the limelight this year for different reasons, but both of them have delivered handsome gains to investors already in 2024.
Nvidia stock is up 72% so far this year, while SoundHound AI has simply taken off and is up 186%. Nvidia's surge can be attributed to the company's solid fiscal 2024 results and market-beating guidance, thanks to the booming demand for its AI chips. What's more, Nvidia is also why SoundHound AI has delivered such astronomical gains this year.
The big jump in the stock prices of these companies has made them expensive from a valuation perspective. However, a closer look at their businesses shows that they have the potential to deliver more upside thanks to AI. But which one of these two AI stocks is worth buying right now following their rally? Let's find out.
Source Fool.com
