Weekly Performance Summary: SoundHound AI, BigBear.ai, and Other AI Stocks Tumbled Amidst Nvidia's Big Announcement
Friday, 22 March 2024, 10:02
The week in AI stocks
There was significant movement in the AI space this week. Nvidia's GPU Technology Conference (GTC) was a major event, unveiling the powerful Blackwell chips.
Market impact
- Nvidia: Introduced the world's most powerful AI chip
- SoundHound AI: Announced on-chip voice AI on Nvidia Drive Platform
- Super Micro Computer: Launched Nvidia-based full-stack generative AI systems
Despite some positive developments, like Supermicro's entry into the S&P 500, criticism and a stock drop plagued SoundHound AI.
Investment insight
Supermicro emerged as a potential investment choice, being more attractively valued and profitable. SoundHound AI and BigBear.ai faced challenges, making Supermicro a standout among the three.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.