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Investors are encouraged to engage in the rapidly expanding artificial intelligence market, which is projected to grow significantly by 2030. The article emphasizes the importance of identifying strong companies and attractive valuations before making investment decisions. With major indexes reaching record highs, a market correction could present a prime opportunity for savvy investors to buy into promising stocks.
Arm Holdings and SoundHound AI are highlighted as two compelling stocks to watch. Arm is a key player in the semiconductor space, powering over 99% of smartphones, while SoundHound AI specializes in speech recognition technology, driving automation in various sectors. Both companies are positioned for growth, but investors are advised to wait for favorable pricing before committing.
• AI market expected to grow nearly tenfold by 2030.
• Arm Holdings powers over 99% of global smartphones.
• SoundHound AI reported an 89% increase in sales year-over-year.
Generative AI refers to algorithms that can create new content, such as text or images, and is a significant area of growth in the AI market.
Speech recognition technology enables machines to understand and process human speech, which is increasingly used in customer service and automation.
Autonomous driving technology involves AI systems that allow vehicles to navigate and operate without human intervention, representing a key application of AI.
Arm Holdings designs semiconductor technology that is integral to smartphones and AI applications, collaborating with major tech companies for growth.
SoundHound AI specializes in conversational intelligence, providing advanced voice command solutions that enhance automation across various industries.
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