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CXAI Surges 100% (3 Obscure AI Stocks to Watch)
CXAICXApp (CXAI) ZACKS·2024-08-13 18:30

Group 1: AI Market Overview - The global AI market size is currently 184billionandisprojectedtogrowto184 billion and is projected to grow to 826 billion over the next six years [2] - Major technological shifts, such as the AI revolution, historically unfold over years, not months, indicating ongoing investment opportunities [2] Group 2: Investment Opportunities in AI - Smaller, lesser-known AI companies have significant growth potential compared to established giants like Microsoft and Alphabet [4] - CXApp focuses on making websites accessible for people with disabilities, showcasing a niche market within AI [5] - AEYE has partnered with Nvidia for its LiDAR technology and has seen a stock increase of 363% over the past year, indicating strong performance and profitability [6] - SoundHound AI has gained attention due to Nvidia's investment and its strategic partnership with Perplexity, with revenue expected to grow at over 70% annually into 2025 [8][9] Group 3: Conclusion on AI Investment - The AI revolution is still in its early stages, with several obscure AI companies presenting multi-bag potential for investors in the coming years [10]