Artificial Intelligence Stocks Climbing in 2024. I don't know if you remember NVIDIA surpassing Apple and Microsoft as its stock value reached almost $3.34 trillion? Along with NVIDIA, SoundHound has become a big focus in AI stocks. With the previous comparisons, how will the AI industry look in 2025?
As far as the current state of the market is concerned, some speculate that AI seems to be getting hyped up at the moment, and at one point there was talk that the arithmetic power of AI companies is now almost at ceiling levels, only to have Deepseek from China come out of nowhere in January 2025 and startle everyone. AI companies are still doing well under this boom, and even though there are some geopolitical issues, we believe that semiconductors have a long way to go.
3 Top AI Stocks: we're looking forward to the performance
Based on the Indxx Global Robotics and Artificial Intelligence Thematic Index, we've selected three stocks that are performing well. We'll give you a brief overview of each of them in the following rankings.
Ticker
Company
Performance (Year)
SOUN
SoundHound AI Inc
381.98%
UPST
Upstart Holdings Inc
150.36%
NVDA
NVIDIA Corp
92.51%
Ranking data from Finviz. Stock data is current as of Feb. 17, 2025, and is intended for informational purposes only.
SoundHound AI Inc. (SOUN)
SoundHound AI has created several voice-based artificial intelligence products designed to enhance the customer experience in a variety of industries. For example, the company's Restaurant Voice Assistant allows customers to place orders, check restaurant hours or make reservations by voice.
In addition to the restaurant industry, SoundHound AI has developed specialized voice solutions for the automotive and hospitality industries. For example, in the automotive industry, SoundHound has provided Hyundai with voice recognition technology that enables drivers to interact with the in-vehicle system through natural language to control navigation, music playback and other functions. In the hospitality industry, SoundHound's voice assistants help hotels enhance the customer experience by enabling patrons to inquire about room service, book amenities, or access local information via voice.
SoundHound AI has partnered with a number of well-known brands and businesses, with an impressive list of customers spanning Hyundai, Pandora, Krispy Kreme, White Castle, Toast and Square, among others.
Upstart Holdings Inc.(UPST)
Upstart is an artificially intelligent loan marketplace with a core business of providing personal loans where borrowers can get loans quickly with an online application process. Its technology uses advanced models that not only take into account traditional credit scores (e.g., FICO scores), but also the borrower's educational background and work history, among other things. Upstart's ability to reduce credit risk and increase loan approval rates is why it also provides technology solutions for loan review to financial institutions such as banks and credit unions. Founded in 2012, Upstart has 700,000 users at the end of 2023, and last year they claimed to have nearly 3 million customers, helping to provide loans to high-potential borrowers who may have previously been overlooked under traditional credit assessment systems.
NVIDIA Corp (NVDA)
Founded in 1993, NVIDIA started out making GPUs, the most famous line of GPUs being the GeForce, which I assume you're currently using if you're reading this article. They are good for digital content creation and have done well in video and gaming. NVIDIA's best-selling series as a hardware provider for AI companies are the A100 and H100 Tensor Core GPUs. in addition to this, GPU acceleration services are offered with most cloud computing service providers such as Amazon AWS and Microsoft Azure. Of course, NVIDIA is also currently providing self-driving manufacturers and tech companies with technical solutions for developing autonomous driving through its Driver platform.
On whether to invest in AI stocks
There are a wide variety of AI stocks, usually divided into two categories: blue chip tech companies and small, experimental companies. Smaller companies develop models that are innovative but rely on partnerships with larger companies for development, and require a combination of factors to be considered when investing.
According to Michael Brenner, a research analyst who covers AI for FBB Capital Partners, as a prudent investor, one should be mindful of how machine learning will affect their holdings at each time period when purchasing stocks of AI companies.
Each type of stock has its own volatility, and investing in stocks of AI-related companies makes sense if you have plans to diversify.
Introducing a user-friendly AI platform designed to effortlessly transform English instructions into SQL queries. Streamline your data management with this intuitive tool that bridges the gap between natural language and database interactions.
Unmixr is an innovative platform that harnesses AI technology to offer a wide range of services, including voiceover, transcription, copywriting, and image generation. Discover how Unmixr can enhance your projects with its versatile capabilities.
Welcome to PromptBase, your premier marketplace for trading high-quality AI prompts. Discover a diverse selection of expertly crafted prompts that can elevate your projects and enhance your creative workflows. Join our community of innovators and unlock the potential of AI today!