AI Stocks' Growth Potential

This is a news story, published by Yahoo Finance, that relates primarily to SymBots news.

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innovative AI companies

The Motley Fool

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2 AI Stocks to Buy Before They Soar 96% and 205%, According to Select Wall Street Analysts (Hint: Not Nvidia)

Summary

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82% Informative

SoundHound AI has seen its share price soar by nearly 128% in 2024 .

Investors must focus mainly on AI-powered stocks with sustainable competitive advantages in their respective market niches and rapidly improving financials.

Symbotic Warehouse automation technology specialist Symbotic came out with mixed results for the third quarter of its fiscal 2024 .

Symbotic has retrofitted all of its SymBots (a scalable, energy-efficient warehouse system for performing repetitive and mundane tasks) with a new advanced sensor array.

Symbotic's shares are trading at 5.9 times trailing-12-month sales, far lower than their historical three-year average price-to-sales ( P/S ) ratio of 13.2 .

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