2 Growth Stocks That Can Double By 2030

Core Insights - Doubling investment in five years is feasible with the right stocks, particularly in the artificial intelligence (AI) sector, which is a significant growth driver for technology [1] Group 1: SoundHound AI - SoundHound AI (NASDAQ: SOUN) is a leader in voice recognition technology, with a business strategy focused on monetizing its technology through subscriptions and licensing [3] - The company reported a 68% year-over-year revenue growth in Q3, with quarterly revenue at $42 million, and is projected to increase annual revenue from $84 million in 2024 to $284 million by 2027 [4] - SoundHound is targeting a $140 billion addressable market for its voice AI technology, with expectations of its market cap doubling to $10 billion in five years [6][7] Group 2: Dell Technologies - Dell Technologies (NYSE: DELL) is a leading supplier of servers and is expected to see robust revenue growth from its infrastructure solutions business as more data centers are established [9] - The company is well-positioned to benefit from the increasing demand for data center infrastructure, which could potentially double its share price by 2030 [9]