Nvidia's Strategic Investment Signals High Potential in this Emerging Artificial Intelligence (AI) Company
Nvidia (NASDAQ: NVDA) is widely considered one of (if not the) best companies in artificial intelligence (AI) right now. Headlined by its best-in-class graphics processing units (GPUs), its hardware ecosystem is the dominant force in its sector. Without Nvidia's products, many AI innovations wouldn't be happening.
As a result of Nvidia being at the forefront of AI, it's exposed to many fantastic companies. So, when you see Nvidia take a position in one, it may be smart to pay attention to it. One of the five companies Nvidia owns stock in is SoundHound AI (NASDAQ: SOUN). While it's not a massive stake (currently valued at around $8.7 million), it is more than nothing.
So, is this a company investors should be paying closer attention to?
Source Fool.com
