Small-Cap AI Stocks On The Rise: 3 Hidden Gems You Shouldn't Miss
Portfolio Pulse from Surbhi Jain
The article highlights three small-cap AI stocks—SoundHound AI Inc (SOUN), Helix Energy Solutions Group Inc. (HLX), and Innodata Inc. (INOD)—that are making significant strides in their respective fields. SoundHound AI has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. Helix Energy Solutions is up 7.3% YTD, leveraging AI for environmental cleanup. Innodata has gained 118% YTD, focusing on generative AI and data engineering.
August 16, 2024 | 6:18 pm
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Helix Energy Solutions Group Inc. (NYSE:HLX) is up 7.3% YTD, leveraging AI for environmental cleanup. The company focuses on enhancing the efficiency and safety of decommissioning oil rigs and wells.
Helix's use of AI for environmental cleanup and its steady YTD gain make it an attractive option for investors focused on sustainability. The company's role in decommissioning oil rigs and wells is crucial as the world moves towards greener practices.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Innodata Inc. (NASDAQ:INOD) has gained 118% YTD, focusing on generative AI and data engineering. The company reported a 66% YoY revenue growth and has boosted its full-year guidance.
Innodata's impressive YTD gain and strong revenue growth highlight its expanding footprint in the AI space. The company's focus on generative AI and data engineering positions it well for future growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SoundHound AI Inc (NASDAQ:SOUN) has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. The company specializes in voice-based AI, enabling various applications from drive-thru orders to hotel bookings.
SoundHound's significant YTD gain and strategic partnerships with major companies like Nvidia and Stellantis indicate strong growth potential. The focus on voice-based AI positions it well in a growing market.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100