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•77% Informative
Nvidia bought 1.7 million shares of SoundHound AI (NASDAQ: SOUN) in the final quarter of 2023 .
Nvidia 's position is worth around $7.8 million , implying a 116% gain in less than a year .
SoundHounds is a specialist in conversational AI , and it has accumulated an impressive list of customers.
The company's revenue is growing quickly, and management's forecast for the future is incredibly strong.
Investors willing to hold SoundHound stock for at least the next two years might be scooping up a bargain at the current price.
The company believes enterprise spending on AI will top $250 billion within the next three years .
Nvidia is a $2.6 trillion company, so it probably won't sweat the $3.6 million loss if it doesn't work out.
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