Nvidia Recently Bought 5 Artificial Intelligence (AI) Stocks. These 2 Stand Above the Rest. [Yahoo! Finance]
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SoundHound AI, Inc. (SOUN)
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Source: Yahoo! Finance
The 826% surge in Nvidia's stock price over that period was driven by red-hot demand for its data center graphics chips (GPUs), which are designed for developing artificial intelligence (AI) models. In the recent first quarter of fiscal 2025 (ended April 28), they sent Nvidia's data center revenue higher by 427% year over year, to a record $22.6 billion. At the end of last year, Nvidia decided to spread some of its newly acquired wealth by investing in five other AI companies. The moves could indicate where CEO Jensen Huang thinks the next wave of value will be created in the AI space. The five stocks Nvidia bought at the end of 2023 According to a 13F filing with the Securities and Exchange commission on Feb. 14, Nvidia invested in the following five stocks in the fourth quarter of 2023: Arm Holdings (NASDAQ: ARM) , which designs processors for chip giants like Nvidia. SoundHound AI (NASDAQ: SOUN) , which develops virtual assistants based on its conversational AI technolog
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SOUN
News
- Why Do Analysts Have a Bullish Outlook on SoundHound AI, Inc. (SOUN)? [Yahoo! Finance]Yahoo! Finance
- SoundHound (SOUN) Aids Restaurant Portfolio With Acquisitions [Yahoo! Finance]Yahoo! Finance
- Nvidia Gobbled Up Shares of This Artificial Intelligence (AI) Company. Is It Too Late to Buy? [Yahoo! Finance]Yahoo! Finance
- SoundHound AI, Inc. (SOUN) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- SoundHound AI Acquires Ordering Platform Allset to Fast-Track Its Vision of a Voice Commerce Ecosystem [Yahoo! Finance]Yahoo! Finance
SOUN
Earnings
- 5/9/24 - Beat
SOUN
Sec Filings
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- SOUN's page on the SEC website