Stocks With Strong Upside Potential

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Stocks With Strong Upside Potential

Ai Stocks With Strong Upside Potential

Some people say AI stocks are overvalued, while others think they are still in the early phase and more upside is ahead. The reality lies somewhere in between... Some AI stocks are definitely overvalued, while others are just getting ready for takeoff.

The truth is that spending on AI infrastructure hasn't slowed at all. In fact, the spending on infrastructure will only increase in the coming years. With that in mind, here's a list of the 4 best AI stocks with a strong upside potential.

Soundhound Ai

The first stock in our list is SoundHound AI, which is basically a conversational AI software. This AI can be used for automotive, restaurant, customer service, and several other fields.

The best part about SoundHound AI is that they already power the voice assistants for many big brands. So, anyone who needs to automate their customer interaction can rely on SoundHound AI.

Now that the majority of the AI stocks are available at a discount, it's worth checking out the SoundHound AI stock.

Applied Digital

Applied Digital stock is also a good option as it operates in the AI field as well. The firm is involved in building and operating data centers. These data centers can be used for AI workloads or any other task, depending on the requirements.

In the start, Applied Digital was famous for Bitcoin mining, but now it mainly leases its hardware to the AI cloud providers. One of their prominent customer is CoreWeave (CRWV), which highlights the position of Applied Digital in the industry.

Iren

IREN is also a very solid AI stock as it operates data centerswhich are powered by renewable energy. They normally provide GPU cloud services, which are essential for the modern AI infrastructure.

In the start, IREN was similar to Applied Digital as it was involved in Bitcoin mining. But now, they also lease their hardware to big firms like Microsoft.

Nebius Group

Nebius Group offers cloud platforms and GPU clusters. Basically, all the things that are needed for an AI infrastructure are offered by Nebius Group.

Nebius Group has also managed to secure contracts worth $20 billion! They have made contracts with big names like Meta Platforms and Microsoft.

quick look at the market shows that there are not many cloud providers that can compete with Nebius Group in terms of hyperscaler validation.

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