SoundHound AI provides a voice AI platform where its customers can create conversational AI assistants and voice-based AI agents that can be deployed for multiple uses, such as taking orders in restaurants, car infotainment systems, and customer service applications, among others.

Nvidia has become the go-to provider for chips to support AI, which has resulted in explosive sales and earnings growth for the tech giant. Meta is pouring billions of dollars into AI research and aims to be a leader in the field.

Nvidia may be center stage in the artificial intelligence (AI) revolution right now, but another "Magnificent Seven" stock could be the next breakout star.