amazon, microsoft and nvidia Updates

Several companies are making significant moves in the AI space. SoundHound AI, specializing in voice AI, saw its stock jump 800% last year, though it's down 45% in the first half of this year. Their revenue increased 151% to $29 million in the recent quarter, and they possess over 190 patents, setting them apart from competitors like Amazon and Microsoft. Meanwhile, Samsung anticipates a 39% drop in second-quarter profit, potentially due to delays in supplying advanced memory chips to Nvidia. They are working to get their HBM3E chips certified by Nvidia and have begun supplying AMD. Microsoft is also adapting its chip strategy to better compete with Nvidia, planning to launch the Maia 280 chip in 2027 with a focus on power efficiency and cost reduction. Despite some Xbox game project cancellations due to recent layoffs, Microsoft's stock has increased by 1.33%. Elsewhere, Tesla is being retained by some investors who believe its self-driving technology will drive substantial growth, targeting 30% annual returns over five years. In the realm of AI-driven online visibility, companies like Athena, Profound, and Scrunch AI are helping brands adapt to the changing SEO landscape influenced by tools like Google's AI Overviews. Jabil Inc. is also garnering attention, with analysts predicting long-term growth due to its increasing involvement in AI infrastructure. Woodchuck, a Grand Rapids startup, secured $3.75 million to enhance its AI platform for wood recycling, processing 100 tons of wood scraps into 83 million BTUs of clean energy. Lastly, despite a slowdown in crypto venture capital, areas like AI and DeFi remain attractive, with Rails, a Kraken-backed cryptocurrency exchange, receiving $20 million in funding.

Key Takeaways

  • SoundHound AI's stock surged 800% in 2024, with recent revenue up 151% to $29 million.
  • Samsung expects a 39% profit drop due to delays in Nvidia chip supply, but has started supplying AMD.
  • Microsoft plans to launch the Maia 280 AI chip in 2027 to compete with Nvidia, focusing on power efficiency.
  • Tesla is being held onto by investors expecting 30% annual returns, driven by self-driving tech.
  • AI startups like Athena, Profound, and Scrunch AI are helping brands optimize for AI-driven search.
  • Jabil Inc. is predicted to have long-term growth due to its increasing involvement in AI infrastructure.
  • Woodchuck, a wood recycling startup, received $3.75 million to improve its AI platform.
  • Rails, a Kraken-backed cryptocurrency exchange, received $20 million in funding, highlighting continued interest in AI and DeFi.
  • Samsung's Q2 profit is projected to be 6.3 trillion won ($4.62 billion), the lowest in six quarters.
  • Microsoft stock has increased by 1.33%, despite game project cancellations.

SoundHound AI stock soared last year but is it a buy now?

SoundHound AI stock jumped 800% in 2024 but fell 45% in the first half of this year. The company specializes in voice AI with over 190 patents. SoundHound's technology translates speech directly to meaning, setting it apart from competitors like Amazon and Microsoft. Revenue increased 151% in the recent quarter to $29 million, with a potential market of $140 billion. SoundHound has no debt and $246 million in cash, making it a potentially good AI stock for aggressive investors.

SoundHound AI stock soared last year but is it a buy now?

SoundHound AI stock jumped 800% in 2024 but fell 45% in the first half of this year. The company specializes in voice AI with over 190 patents. SoundHound's technology translates speech directly to meaning, setting it apart from competitors like Amazon and Microsoft. Revenue increased 151% in the recent quarter to $29 million, with a potential market of $140 billion. SoundHound has no debt and $246 million in cash, making it a potentially good AI stock for aggressive investors.

Samsung's Q2 profit may drop due to slow AI chip sales

Samsung Electronics is expected to report a 39% drop in second-quarter profit. This is due to delays in supplying advanced memory chips to Nvidia, a leader in AI chips. The company's profit is projected to be 6.3 trillion won ($4.62 billion), the lowest in six quarters. Samsung is working to get its HBM3E chips certified by Nvidia, but progress is slow. Samsung has started supplying the chip to AMD. Uncertainty from U.S. trade policies also affects Samsung's business.

Samsung's Q2 profit may drop due to slow AI chip sales

Samsung Electronics is expected to report a 39% drop in second-quarter profit. This is due to delays in supplying advanced memory chips to Nvidia, a leader in AI chips. The company's profit is projected to be 6.3 trillion won, down from 10.4 trillion won last year. Samsung is working to get its HBM3E chips certified by Nvidia, but progress is slow. Samsung has started supplying the chip to AMD. Uncertainty surrounding U.S. trade policy remains a risk.

Microsoft's AI chip plans and game updates boost stock

Microsoft is changing its chip development strategy to compete with Nvidia. They plan to launch the Maia 280 chip in 2027, using simpler designs for better power use. Microsoft is also using a chiplet design to lower costs. Recent layoffs at Microsoft led to the cancellation of some Xbox game projects. Despite these game setbacks, Microsoft stock has increased by 1.33%, with analysts predicting a further rise.

Tesla stock kept as AI stocks are sold for value

The author sold some AI stocks but kept Tesla, believing it could yield 30% annual returns over five years. They think Tesla's self-driving technology will boost growth. Even with risks, a 10% annual return is expected. The author believes negative attention towards Tesla and Elon Musk strengthens the brand.

AI startups change digital visibility with new SEO strategies

AI is changing how online content is found, with tools like Google's AI Overviews becoming key. Startups such as Athena, Profound, and Scrunch AI are helping brands adapt to this shift. These companies offer AI visibility optimization to ensure brands are seen. Athena helps clients boost AI-driven traffic, while Profound uses synthetic prompts to test AI search engines. Scrunch AI offers real-time monitoring of brand presence across AI platforms. Investors are watching this $90 billion industry closely.

Analysts predict long-term boom for Jabil due to AI exposure

Analysts are optimistic about Jabil Inc. because of its increasing involvement in AI infrastructure. Stifel analyst Ruben Roy gave Jabil a "Buy" rating with a price target of $245. Jabil provides manufacturing and design services, including electronics development and assembly. The company's growing exposure to AI-related data center infrastructure is a key factor in the positive outlook.

Grand Rapids wood recycling startup gets $3.75M for AI

Woodchuck, a Grand Rapids startup, received $3.75 million to improve its AI platform for wood recycling. The company turns scrap wood into renewable energy using AI. Woodchuck's facility can process 100 tons of wood scraps into 83 million BTUs of clean energy. AI cameras help identify and sort wood waste at construction sites. The company aims to help clients achieve zero waste through recycling.

Crypto VC Roundup DeFi AI and Exchanges Show Resilience

Venture capital funding in the crypto industry has been slow, but some areas still attract investment. These areas include AI, DeFi, tokenization, payments, and real-world assets. Rails, a Kraken-backed cryptocurrency exchange, received $20 million in funding. Beam, a stablecoin payment service, closed a $7 million funding round. Frachtis, a $20 million pre-seed fund, will support startups building decentralized AI and infrastructure.

Sources

SoundHound AI Voice AI AI Stock Samsung Nvidia HBM3E Chips AI Chips AMD Microsoft Maia 280 Chip Chiplet Design Tesla Self-Driving Technology AI SEO AI Visibility Optimization Athena Profound Scrunch AI Jabil AI Infrastructure Data Center Woodchuck Wood Recycling Renewable Energy DeFi Tokenization Payments Real-World Assets Rails Kraken Cryptocurrency Exchange Beam Stablecoin Frachtis Decentralized AI Venture Capital