The global artificial intelligence (AI) market continues to grow rapidly, and some analysts are highlighting Nvidia and SoundHound AI as top stocks for investors.
According to SkyQuest, the global AI market was valued at $200 billion in 2023 and jumped to $284.2 billion in 2024. It is projected to reach $373.1 billion by the end of 2025.
Analysts predict the market could grow at a 31.5% annual rate through 2032, reaching $2.3 trillion. Growth is being driven by smartphones, IoT devices, social media, cloud computing, and advances in processing hardware such as GPUs and quantum computing.
Nvidia
Nvidia is a leading semiconductor company known for its GPUs and high-end processors. Its technology powers AI applications across data centers and other industries. Over the past three years, Nvidia shares have risen more than 1,200%, giving the company a market value of $4.33 trillion.
In its fiscal second quarter of 2026, Nvidia reported revenue of $46.7 billion, a 55% increase year-over-year. Its data center division drove $41.1 billion of this revenue. Analyst Gil Luria of D.A. Davidson upgraded Nvidia shares to “Buy,” citing continued growth in AI computing demand.
He set a price target of $210, suggesting an 18% upside from current levels. Nvidia currently has a “Strong Buy” consensus rating from 39 analysts.
SoundHound AI
SoundHound AI is a Silicon Valley company specializing in AI-powered voice and speech recognition. Its products, including the Amelia platform, allow users to interact with systems using natural speech. SoundHound serves industries such as customer service, automotive, and IoT, supporting 25 languages.
Recently, SoundHound acquired Interactions, a company focused on AI for customer service, for $60 million. In the second quarter of 2025, SoundHound reported $42.7 million in revenue, up 217% from the previous year.
Analyst Gil Luria rates SoundHound shares as “Buy,” with a $17 target that implies a potential 20% gain. Street analysts give SoundHound a “Moderate Buy” rating based on 7 reviews.
Both Nvidia and SoundHound AI are viewed as well-positioned to benefit from the growing demand for AI technology. Investors are watching their stock performance closely as AI adoption continues to expand.
