Missed Out on Nvidia's Surge? Wall Street Thinks This AI Stock Could Skyrocket 58%
2023 might go down in the history books as the year that artificial intelligence (AI) really hit its stride. The massive gains delivered by Nvidia (NASDAQ: NVDA) so far this year -- up more than 190% -- underscore how big the AI boom has been.
Nvidia won't be able to continue its meteoric rise indefinitely. But investors have other options even if they missed out on Nvidia's surge. Wall Street thinks another AI stock could skyrocket by 58%.
Like many AI stocks, SoundHound AI (NASDAQ: SOUN) has already had a great year -- at the time of writing, its shares have soared close to 70% year to date. The stock once flew somewhat under the radar, but the intense interest in AI over the last few months brought SoundHound more into the spotlight.
Source Fool.com