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SoundHound AI has emerged as a leading player in the AI stock market, boasting an impressive 936% gain in 2024. This surge is attributed to its rapid growth, significant investment from Nvidia, and favorable analyst coverage. However, the stock's current valuation raises concerns, trading at 109 times sales, making it potentially overvalued compared to Nvidia's 31 times sales ratio.
In contrast, Advanced Micro Devices (AMD) presents a compelling alternative for investors seeking AI exposure. Despite recent underperformance, AMD's data center revenue has shown remarkable growth, driven by increasing sales of AI GPUs. With strong demand anticipated in the AI chip market and a strategic partnership with Taiwan Semiconductor Manufacturing, AMD is well-positioned for a turnaround in 2025.
• SoundHound AI's stock surged 936% in 2024 due to strong growth.
• AMD's data center revenue increased 122% year-over-year, driven by AI GPU sales.
AI stocks refer to shares of companies involved in artificial intelligence technologies and solutions.
AI GPUs are specialized graphics processing units designed to accelerate AI computations and data processing.
SoundHound AI specializes in voice AI solutions, experiencing significant stock growth in 2024.
AMD is a semiconductor company focusing on AI GPUs, showing promising revenue growth in the AI sector.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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