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Nvidia has transformed a $10,000 investment into $2.5 million over the past decade, fueled by the booming AI market. This growth has led many companies to increase their purchases of Nvidia's GPUs for AI applications. While Nvidia remains a strong player, smaller AI companies may offer greater upside potential for investors seeking significant returns.
SoundHound AI, Serve Robotics, and Evolv Technologies are highlighted as promising small-cap AI stocks. SoundHound specializes in voice recognition technology, Serve Robotics focuses on autonomous delivery robots, and Evolv Technologies aims to enhance security screening with AI. Each company is positioned to capitalize on the expanding AI landscape, making them attractive options for future investment.
• Nvidia's investment growth showcases AI market potential.
• SoundHound AI and others are positioned for significant revenue growth.
SoundHound AI develops tools that allow users to identify songs and create customized voice recognition applications.
Serve Robotics produces these robots for use in urban environments, primarily for Uber Eats.
Evolv Technologies aims to replace traditional metal detectors with these faster, more efficient systems.
Its Houndify platform is used by various industries to create custom voice recognition tools.
Originally part of Postmates, it now operates independently and focuses on scaling its delivery robot fleet.
Its systems are designed to improve safety in public spaces by detecting threats more efficiently than traditional methods.
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