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AI Stocks with Potential Millionaire-Making Opportunities

Opportunities abound for SoundHound and AppLovin.

AI-Driven Stocks Set to Potentially Yield Millions
AI-Driven Stocks Set to Potentially Yield Millions

AI Stocks with Potential Millionaire-Making Opportunities

SoundHound, a pioneer in voice-first technology, has expanded its horizons with the acquisition of Amelia, a leading conversational intelligence software. This move not only broadens SoundHound's capabilities beyond voice but also exposes the company to new industries such as healthcare and financial services.

In a rapidly changing AI landscape, SoundHound, despite being a small-cap stock, has demonstrated remarkable adaptability. The company recently launched Amelia 7.0, entering the agentic AI market. Agentic AI agents, built using SoundHound's technology, can act independently and complete tasks on their own, requiring little or no coding.

SoundHound is migrating 15 of its largest enterprise customers to the new Amelia platform. This shift underscores the company's commitment to the future of AI being conversational and voice-driven.

Meanwhile, AppLovin, founded in 2012, has become a prominent AI growth story in the market. The company's AI engine, Axon 2.0, optimizes ad targeting, bidding, and placement for mobile game developers. AppLovin's revenue jumped 77% in its most recent quarter to $1.26 billion, and its adjusted EBITDA nearly doubled to $1 billion.

AppLovin is also making strides in AI-driven advertising. The company is piloting its AI ad platform with e-commerce and web-based advertising, aiming to open its platform internationally, tapping into a user base where the majority of gamers already reside outside the U.S.

SoundHound's revenue soared 217% year over year to $42.7 million in its most recent quarter. The company is on track to achieve adjusted EBITDA profitability by the end of 2025.

Both SoundHound and AppLovin have shown impressive earnings growth. Earnings per share (EPS) for AppLovin surged from $0.89 to $2.39 in its most recent quarter. SoundHound's EPS information was not provided in the data.

Having a voice engine that better understands user input could be a significant advantage in AI technology. SoundHound's voice-first technology helps differentiate it from other agentic AI platforms. The company has a strong presence in the automotive and restaurant markets in voice AI.

In conclusion, SoundHound and AppLovin are making significant strides in the AI sector. Their focus on voice-driven and agentic AI technology positions them well for the future, and their impressive financial growth suggests a bright future ahead.

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