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in the final quarter of calendar year 2023, Nvidia bought 1.73 million shares of SoundHound AI's stock (valued at about $3.6 million at the time). It has proven to be a good investment thus far.
It seems clear that 2024 was the year of artificial intelligence (AI) -- or was it? Although some of the market's biggest winners were AI stocks, they weren't uniformly top performers.
The stock market in 2024 has been defined by one theme: AI. And not just because people only want to talk about AI, but the market's performance has hinged on it too.
MSFT Revenue Estimates for Next Fiscal Year data by YCharts.. Nvidia, on the other hand, is expected to finish the current fiscal year (ending January 2025) with outstanding revenue growth of 112% ...
Data by YCharts.. Trading at 24 times forward earnings, Meta is cheaper than many of its big tech counterparts despite growing at a faster pace. Stocks in the Nasdaq-100 average a forward P/E of ...
The $1 trillion in AI spending is likely coming, Davis added, just not in the next year or so. Corporate earnings would need to rise 40% to offset stock price growth. So, what does this mean for ...
Analysts believe Meta will earn $20.16 per share this year, which values the stock at a forward price-to-earnings ratio of 24. They also believe Meta will grow its earnings over 19% annually for ...
Shares of voice assistant technology company SoundHound AI (NASDAQ: SOUN) skyrocketed 85.1% during November, according to data provided by S&P Global Market Intelligence. Immediately following the ...