Nvidia Has $71 Million Invested in These Smaller-Cap AI Stocks [Yahoo! Finance]
SoundHound AI, Inc. (SOUN)
Company Research
Source: Yahoo! Finance
All that demand is generating plenty of excess revenue for Nvidia and the company is looking for ways to put that money to good use. One way Nvidia capitalizes on these added funds is by making strategic investments in companies that help spread the adoption of its products. Nvidia's third-quarter 13F filing showed it still held 1.7 million shares of SoundHound AI (NASDAQ: SOUN) , a leader in voice assistance technology. It also revealed a new position in Applied Digital (NASDAQ: APLD) , a fast-growing designer and builder of data centers. Both companies have a solid symbiotic relationship with Nvidia. Nvidia's investment in SoundHound had a value of $8 million at the end of the quarter, but it held a significantly larger investment in Applied Digital worth $63 million. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Here's why it might be worth following Nvidia into these two opportunities. SoundHound AI is a s
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SOUN
News
- Analyst Says This “Most Undervalued” AI Stock Can Reach a $1 Trillion Valuation [Yahoo! Finance]Yahoo! Finance
- 3 Top Tech Stocks That Could Make You a Millionaire [Yahoo! Finance]Yahoo! Finance
- Why SoundHound AI Stock Was Racing Higher on Thursday [Yahoo! Finance]Yahoo! Finance
- Is This a Sign That SoundHound AI Is Becoming a Safer Stock to Buy? [Yahoo! Finance]Yahoo! Finance
- SoundHound's Conversational AI Agents Drive Nearly 20% Productivity Increase at Apivia Courtage Contact Centers [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 11/12/24 - Beat
SOUN
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- SOUN's page on the SEC website