The artificial intelligence (AI) sector is growing rapidly, prompting interest from growth-oriented investors. Several AI stocks are worth watching closely, including Nowigence Inc. (OTC: NOWG), BigBear.ai Holdings Inc. (NYSE: BBAI), Guardforce AI Co Limited (NASDAQ: GFAI), and SoundHound AI Inc. (NASDAQ: SOUN).
Nowigence focuses on the development, marketing, and distribution of advanced generative and extractive software as a service (SaaS) products powered by AI. Recently, the company launched a platform named Lille.ai that provides innovative content creation services through advanced AI. Lille.ai can turn any research topic into several formats and helps with search engine optimization (SEO) optimization.
BigBear.ai Holdings recently reported financial results for the first fiscal quarter, generating over $42 million in revenue, an improvement on the $36 million generated during the same period the previous year. However, the company suffered a net loss in the quarter.
Guardforce AI recently closed a public offering of over 2.5 million shares at a share price of $4.65. Benchmark Investments LLC worked as the lead book-running manager for the offering.
SoundHound AI, a leader in voice AI, generated revenues of over $6 million in the first quarter, a year-on-year rise of 56%. The company also raised $150 million in funding, strengthening its balance sheet significantly.
Investors should note that investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or due to the speculative nature of the companies profiled. As always, it’s essential to research these companies before making any investment decisions.
