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Nvidia has significantly increased its market value by $3 trillion over the past two years, showcasing its dominance in the AI sector. At the end of 2023, Nvidia began investing in a portfolio of AI stocks, with one stock, SoundHound AI, achieving a remarkable 271% increase since the investment. This performance far exceeds the gains of the other five AI stocks in Nvidia's portfolio.
Nvidia's investments include companies like Arm Holdings and SoundHound AI, with the latter emerging as a leader in conversational AI technologies. SoundHound's software is utilized across various industries, including automotive and hospitality, and its recent acquisition of Amelia enhances its capabilities in creating AI-powered virtual agents. Despite its impressive growth, SoundHound faces challenges, including significant cash burn and a high price-to-sales ratio, making it a speculative investment.
• Nvidia's market value surged by $3 trillion in two years.
• SoundHound AI stock increased by 271% since Nvidia's investment.
Conversational AI refers to technologies that enable machines to understand and respond to human language, particularly through voice prompts.
AI-powered virtual agents are software applications that use AI to interact with users, providing assistance and information in real-time.
GPUs are specialized hardware used to accelerate the processing of complex computations, essential for training AI models.
SoundHound AI specializes in conversational AI technologies, providing solutions for industries like automotive and hospitality.
Arm Holdings designs advanced computing chips that are crucial for AI applications, receiving significant investment from Nvidia.
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