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Sneha Nahata

Palantir vs. SoundHound: Which AI Stock Has More Upside Potential?

SoundHound Palantir PLTR United States Amelia

Palantir Technologies (PLTR) and SoundHound (SOUN) stocks have delivered jaw-dropping returns in 2024. PLTR stock has surged about 242% year-to-date, and SoundHound has outpaced it with a staggering 258% gain. For context, these gains leave the S&P 500 Index’s ($SPX) solid 25.8% growth in the dust.

Both companies are benefiting from the solid demand for their artificial intelligence (AI) offerings. Higher spending on AI infrastructure and rapid adoption of the technology across businesses to drive operations, productivity, customer experiences, and boost efficiency are leading to higher revenues for both Palantir and SoundHound.

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