The surge in artificial intelligence (AI) has significantly impacted stock market performance, with the Nasdaq Composite witnessing a 43% return in the previous year. The trend continues in 2024, driving the S&P 500 to record levels, particularly fueled by investor enthusiasm for AI. Among the major tech players, Apple, Alphabet, Amazon, and Microsoft have showcased substantial interest in voice-recognition applications, integrating the technology into their smart home devices and digital assistants. Notably, semiconductor giant Nvidia has recently invested in voice-recognition software developer SoundHound AI, leading to a remarkable 347% surge in SoundHound AI stock during February 2024. With the market for voice-recognition technology …
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