Better Artificial Intelligence (AI) Stock: SoundHound AI vs. C3.ai
Artificial intelligence (AI) stocks have been in great demand in 2023, which is not surprising since the rapid adoption of this technology in multiple industries has created immense growth opportunities for many companies.
For instance, Nvidia has been a key beneficiary of the proliferation of AI because the technology created a huge demand for its semiconductors, sending shares of the chipmaker up more than 200% this year. Similarly, shares of C3.ai (NYSE: AI) are up 121% in 2023; it is considered to be a play on AI software, a market that's expected to grow at an annual rate of 36% through 2030.
However, shares of SoundHound AI (NASDAQ: SOUN) failed to take off this year even though it operates in the lucrative AI software market. The stock is flat in 2023, underperforming the Nasdaq-100 Technology Sector's gains of 40%.
Source Fool.com
