Posted 2/4/2024, 12:09:00 PM
AI and Ad Tech Bargains Poised to Soar: SoundHound and Trade Desk Stocks Offer Value Despite Growth
- The stock market bounced back in 2023 after a rough 2022, but some great stocks like SoundHound AI and The Trade Desk remain bargains.
- SoundHound AI is an AI-powered voice recognition platform seeing booming growth, doubling revenues over 5 quarters. It just launched a new restaurant service and made a strategic acquisition.
- The Trade Desk operates a top digital ad platform, taking market share even during downturns when competitors struggle. Its Unified ID 2.0 solution positions it for further growth.
- Both SoundHound AI and The Trade Desk saw stock prices lag the market last year despite strong businesses, presenting a buying opportunity.
- The writer sees these stocks, which unlock value from AI and digital advertising tailwinds, as ready to soar as the current bull market continues.