11.12.2024 12:00:00

Palo Alto Networks Stock vs. SoundHound AI Stock: Wall Street Sees Significant Downside in 1 and Says Buy the Other

Artificial intelligence (AI) stocks performed extraordinarily well this year -- and I'm not just talking about the AI chip king Nvidia. Since many believe AI can radically disrupt almost every part of daily life, investors are hunting for the best stocks in nearly every industry from cybersecurity to business analytics to consumer goods.Two stocks that garnered interest are Palo Alto Networks (NASDAQ: PANW) and SoundHound AI (NASDAQ: SOUN). Palo Alto has performed well this year, with its stock up over 30%. Meanwhile, SoundHound AI, which has a much smaller market cap than Palo Alto, has been a rocket ship with its stock up 630%. Wall Street analysts see significant downside in one of these stocks but recommend buying the other. Let's take a look.SoundHound helps companies create or add artificial intelligence voice capabilities to their products, services, and apps. The company's solutions include AI voice assistants, automatic speech recognition, real-time transcription services, and restaurant phone answering and ordering. Automotive companies like Mercedes-Benz and Honda use SoundHound for voice solutions in the vehicles they sell to consumers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Aktien in diesem Artikel

Ai Holdings Corp 2 130,00 -0,19% Ai Holdings Corp
Palo Alto Networks Inc 373,75 1,55% Palo Alto Networks Inc
SoundHound AI 14,23 -5,54% SoundHound AI