Wed, Sep 21, 2022 5:11 PM
The 2023 world test championship final to be hosted at The Oval
A Flip by Shruti
Nvidia has been an ideal long-term investment. Shares soared 45,900% over the last 20 years as the company transitioned from computer graphics trailblazer to accelerated computing powerhouse. But the stock has been especially hot lately. Shares more than tripled during the past 12 months as investors leaned into the artificial intelligence gold rush.
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Concerns about higher inflation and a weakening economy pushed indexes into a bear market back in 2022, but last year, things began to look brighter. Many companies made efforts to cut costs and focus on their most profitable businesses, spurring a rebound in earnings. E-commerce and cloud computing giant Amazon is a perfect example of that, and the stock has climbed nearly 70% over the past year.
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I like SoundHound AI (NASDAQ: SOUN). It's an experienced innovator with a unique position in the artificial intelligence (AI) market, focused on voice-control systems and advanced audio analysis.I'm also a fan of C3.ai (NYSE: AI). Founded and led by serial innovator Tom Siebel (yes, the namesake innovator behind enterprise software veteran Siebel Systems).
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