Cantor Selects AMD as the Stronger AI Investment in 2024

AMD Stock: Top Investor Says Hold Off Due to Nvidia Dominance

Financial research firm Cantor issued a recent analysis comparing two prominent artificial intelligence companies: Advanced Micro Devices (AMD: NSD) and SoundHound AI (SOUN: NSD). Here are the insights from the comprehensive research resort. 

 

Established Player vs. Emerging Challenger: 

AMD, a well-known chipmaker, has been steadily integrating AI capabilities into its processors. This focus positions them to benefit from the growing demand for AI-powered hardware across various sectors. SoundHound AI, on the other hand, is a specialist in voice and audio recognition technology. While their products hold promise, the company is still establishing itself in the market.

AMD Ratings by Stock Target Advisor

Cantor’s Viewpoint:

Cantor acknowledges the potential of SoundHound AI’s technology but emphasizes AMD’s established presence and diverse AI applications. They believe AMD’s current valuation offers a more attractive entry point for investors seeking AI exposure.

SOUN Ratings by Stock Target Advisor

Conclusion:

Cantor’s analysis highlights the dynamic landscape of the AI industry. While both AMD and SoundHound AI offer intriguing solutions, established players with broader applications may be more suitable choices for investors in the current market climate.

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