Tech Giants Bet Big on AI Assistants, Fueling SoundHound's Growth Prospects
• Major tech companies like Apple, Microsoft, Amazon, Alphabet, and Nvidia have invested in voice-recognition software and AI assistants.
• Investor enthusiasm for AI fueled the Nasdaq's 43% return last year and has continued into 2023.
• The market for voice-recognition technology could reach $50 billion by the end of the decade.
• Nvidia recently revealed a small investment in voice-recognition software developer SoundHound AI.
• SoundHound AI stock has momentum but as a small company operating in a large growth market, it could emerge as a big winner in the long run.