3 No-Brainer Artificial Intelligence Stocks to Buy Right Now

Industry Overview - The AI industry presents significant growth opportunities, with the overall market expected to grow at an annualized rate of nearly 20% through 2034 according to Precedence Research [1][2]. Company Analysis Arm Holdings - Arm Holdings is a semiconductor design company that licenses chip designs to other manufacturers, generating approximately $4 billion in high-margin revenue annually [6]. - The company is well-positioned in the AI sector due to its power-efficient chip designs, which are crucial as AI technology becomes more mainstream and power-hungry [8][9]. - Arm's revenue is projected to grow around 20% per year over the next three years despite macroeconomic uncertainties [9]. SoundHound AI - SoundHound AI specializes in advanced voice communication technology, having developed its proprietary AI platform, Houndify, since 2015 [12]. - The company is positioned to capture significant growth in the voice-based AI market, which is expected to expand at an annualized rate of nearly 35% through 2034 [14]. - SoundHound's first-quarter revenue increased by 151% year-over-year, showcasing its strong growth trajectory [15]. BigBear.ai - BigBear.ai focuses on AI-powered decision-making software primarily for the private sector, targeting industries such as manufacturing, healthcare, and biopharma [18][19]. - The decision-making segment of the AI industry is forecasted to grow at an average annual pace of 16% through 2034 [20]. - Analysts have set a consensus price target of $6.63 for BigBear.ai, nearly double its current stock price, indicating potential upside for investors [21].