SoundHound AI (NASDAQ: SOUN) and IBM (NYSE: IBM) are two top artificial intelligence (AI) stocks that investors should watch closely. As AI continues to reshape our lives and businesses, these companies are at the forefront of the AI revolution.
SoundHound AI is known for its music identification app, which allows users to identify songs by playing a few seconds of the track into their smartphone’s microphone. Unlike its rivals, SoundHound’s AI-based system goes beyond audio fingerprinting and can isolate the melody line, allowing users to find tunes by singing or humming into their phones. SoundHound has expanded its focus beyond song identification and built Houndify, a powerful audio recognition engine. This engine is used in various industries, including automotive and consumer electronics. With its innovative AI technology, SoundHound is poised for growth in the coming years.
On the other hand, IBM is a long-standing leader in the tech industry and has a significant presence in the AI segment through its Watson platform. Watson, famous for winning Jeopardy! and defeating the world chess champion, has evolved into a powerful tool for business analytics and cloud services. IBM has recently shifted its focus to hybrid cloud computing and AI, signaling its commitment to staying relevant in the rapidly advancing tech landscape. With steady sales growth and a renewed focus on high-margin cloud and AI services, IBM is a stable and promising investment in the AI field.
Despite their potential, both SoundHound AI and IBM seem to be undervalued by the market. SoundHound’s stock has traded sideways since November 2022, despite the AI boom, while IBM’s stock trades at a bargain-bin valuation. This presents an opportunity for investors looking to capitalize on the AI revolution without the lofty price tags of other market darlings.
Investing in SoundHound AI and IBM allows investors to diversify their portfolios and gain exposure to the growing AI market. These companies have the potential to deliver superior results and significant returns in the coming years as AI continues to transform industries and reshape our world. As AI becomes the next game-changing technology, it’s important for investors to prepare and seize the opportunities presented by promising AI stocks like SoundHound AI and IBM.
Overall, both SoundHound AI and IBM are top AI stocks to watch now, offering investors the chance to be a part of the AI revolution and benefit from their innovative technologies and promising growth prospects.
