SYDNEY (Reuters) – In a fast-paced tech landscape, investors are on the lookout for undervalued artificial intelligence (AI) stocks to add to their portfolios. With giants like Nvidia dominating the industry, smaller players are gaining attention for their potential growth prospects.
SoundHound AI Inc (NASDAQ:SOUN) is one such company that has caught the eye of investors. Backed by Nvidia, SoundHound offers an Only Voice AI platform that enhances user interactions through natural language processing and automatic speech recognition. Despite operating at a loss, the company’s revenue has shown impressive growth, with analysts predicting a Strong Buy recommendation and a potential upside of over 50%.
UiPath Inc. (NYSE:PATH) is another promising AI stock that focuses on automation platforms for enterprise institutions. With a growing customer base and consistent annual recurring revenue (ARR) growth, UiPath is poised for continued success. Financial reports indicate revenue growth of 24% year-over-year, with ARR reaching $1.38 billion.
Symbotic Inc (NASDAQ:SYM) rounds out the list of undervalued AI stocks to watch. Specializing in AI-powered supply chain management, Symbotic’s robotic software and hardware platforms are designed to streamline operations in distribution centers. The company’s financial performance has been strong, with revenue increasing by almost 80% year-over-year and a move toward profitability in sight.
Overall, investors looking to capitalize on the AI sector should consider these undervalued stocks for potential growth opportunities in the coming months. With solid financial metrics and innovative technologies, companies like SoundHound, UiPath, and Symbotic are positioned to thrive in the evolving AI landscape.
