Got $3,000? 2 Artificial Intelligence (AI) Stocks to Buy and Hold for ...
Artificial intelligence (AI) is a rapidly growing field that is gaining traction both on Wall Street and Main Street. In this article, we will explore two AI stocks that have the potential to be long-term winners.
SoundHound AI (SOUN)
SoundHound AI is a company that offers voice recognition conversational intelligence solutions to businesses in various industries. Its software is being utilized by popular brands in the fast-food and automotive sectors to enhance customer experience and operational efficiency.
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While SoundHound AI has faced challenges in the past due to financial difficulties, the company has made significant improvements in its financial position. With a substantial increase in cash reserves and the elimination of debt, SoundHound AI is now better positioned for growth.
Amazon (AMZN)
Amazon is a tech giant that has a strong presence in the AI sector through its cloud computing services, particularly Amazon Web Services (AWS). With the increasing demand for data and AI applications, AWS has become a crucial revenue driver for Amazon.
Amazon's shift towards service-based offerings has proven to be profitable, with AWS generating a substantial portion of the company's total revenue. The profitability of AWS, coupled with Amazon's continued investment in AI technologies, positions the company as a key player in the AI market.
Despite its size, Amazon continues to innovate in the AI space through initiatives like Amazon Bedrock and AI chip development. With a stock that is currently trading below its historical averages based on key financial metrics, Amazon presents an attractive opportunity for investors seeking exposure to AI.
When considering investments in AI stocks, it is essential to assess your risk tolerance and investment goals. While SoundHound AI offers significant growth potential, Amazon provides stability and established market presence. A well-balanced portfolio may include both stocks to capitalize on the opportunities presented by the AI industry.
