nvidia, google and palantir Updates

AI is significantly impacting various sectors, driving growth and innovation across multiple companies. Nvidia, a leader in AI data centers with a 92% GPU market share and its CUDA software platform, along with Taiwan Semiconductor Manufacturing, a key chip manufacturer, and Alphabet, whose AI Overviews are used by over 2 billion people monthly and Google Cloud revenue is up 32%, are leading the AI stock market. Palantir, noted by Jim Cramer as a popular stock, is experiencing substantial revenue growth (48% year-over-year) with its software platforms like Gotham, Foundry, Apollo, and its AI Platform. SoundHound AI's stock has soared due to strong revenue growth, driven by AI and automation demand, and the launch of Vision AI, which adds visual understanding to its voice platform. Accenture is investing in Snorkel AI to enhance business AI solutions by automating the creation of high-quality data for training AI models. Elon Musk plans to introduce targeted ads in Grok chatbot responses to fund AI hardware, aiming to make ads useful and relevant. Bank of America upgraded LegalZoom due to its AI opportunities, including partnerships with Perplexity and OpenAI's ChatGPT, potentially increasing its customer base. Daiwa believes AI is key to Apple's long-term growth, anticipating that Apple Intelligence features will drive a multi-year upgrade cycle for phones and PCs. Meanwhile, companies like CRWV, IREN, and NBIS, which provide the computing power needed for GenAI to grow, are becoming very important. However, The Trade Desk's stock fell after its CEO warned about the impact of tariffs, and Wendy's shares declined after the company lowered its financial outlook for 2025, despite recent earnings beating expectations.

Key Takeaways

• Nvidia dominates AI data centers with a 92% GPU market share and its CUDA software platform.
• Alphabet's AI Overviews are used by over 2 billion people monthly, and Google Cloud revenue is up 32%.
• Palantir reported strong revenue growth of 48% year-over-year with its software platforms.
• SoundHound AI launched Vision AI, adding visual understanding to its voice platform, and experienced a stock price increase of 19% last quarter.
• Accenture is investing in Snorkel AI to improve business AI solutions through automated data creation.
• Elon Musk plans to fund AI hardware by placing targeted ads in Grok chatbot responses.
• Bank of America upgraded LegalZoom due to AI opportunities, including partnerships with Perplexity and OpenAI's ChatGPT.
• Daiwa believes AI is key to Apple's long-term growth, expecting Apple Intelligence features to drive upgrades.
• AI infrastructure companies like CRWV, IREN, and NBIS are becoming very important for GenAI growth.
• Trade Desk's stock fell after its CEO mentioned tariffs affecting advertisers, and Wendy's lowered its financial outlook for 2025.

SoundHound AI stock jumps while Trade Desk and Wendy's fall

SoundHound AI's stock soared due to strong revenue growth driven by AI and automation demand. The Trade Desk's stock dropped after its CEO warned about the impact of tariffs. Wendy's shares fell after the company lowered its financial outlook for the year. Despite beating estimates for the second quarter, Wendy's expects lower earnings per share and global sales.

SoundHound AI soars, Trade Desk tanks as earnings season winds down

Most companies in the S&P 500 reported positive earnings for the second quarter. SoundHound AI's stock is up because of high revenue from AI and automation. Trade Desk's stock fell sharply after the CEO mentioned tariffs affecting advertisers. Wendy's also saw its stock decline after giving a weak financial forecast for 2025, even though their recent earnings beat expectations.

Top AI stocks Nvidia, Taiwan Semiconductor, and Alphabet poised to grow

Artificial intelligence is changing many industries, leading to growth for companies involved in AI. Nvidia is a leader in AI data centers with its CUDA software platform. Taiwan Semiconductor Manufacturing makes advanced chips for many companies. Alphabet's AI Overviews are used by over 2 billion people monthly, and Google Cloud revenue is also increasing.

Nvidia, Taiwan Semiconductor, and Alphabet leading the AI stock market

AI is transforming industries, boosting growth for companies driving this change. Nvidia dominates AI data centers with 92% of the GPU market share. Taiwan Semiconductor Manufacturing is a key partner for chip designers. Alphabet's AI Overviews are popular, and Google Cloud revenue is up 32%.

Cramer says Palantir is a popular stock with spectacular growth

Jim Cramer says Palantir Technologies Inc is a popular stock. Palantir's CEO is considered smart and perceptive. The company reported strong revenue growth of 48% year-over-year. Palantir develops software platforms like Gotham, Foundry, Apollo, and its AI Platform to help organizations analyze data and integrate AI.

Bank of America upgrades LegalZoom due to AI opportunities

Bank of America upgraded LegalZoom because of its potential in AI. They raised the price target, suggesting the stock could increase by 43%. LegalZoom's partnerships with Perplexity and OpenAI's ChatGPT could bring in more customers. The company's subscription growth is also a positive factor.

Elon Musk plans ads in Grok chatbot to fund AI hardware

Elon Musk wants to put targeted ads in Grok chatbot responses to pay for expensive GPUs. These ads would be relevant to what users ask Grok. Musk says the goal is to make ads useful and not annoying. Grok is an AI chatbot integrated into X, formerly Twitter. Musk also showed new AI tools to help brands manage ads on X.

Accenture invests in Snorkel AI to improve business AI solutions

Accenture has invested in Snorkel AI to help businesses build better AI. Snorkel AI's platform uses automation to create high-quality data for training AI models. This helps companies quickly and safely use AI in complex areas. Accenture and Snorkel AI will work together to create AI solutions for industries like finance.

SoundHound AI launches Vision AI amid rising sales

SoundHound AI released Vision AI, which adds visual understanding to its voice platform. The company's sales are growing, and its stock price increased by 19% last quarter. Vision AI is expected to boost SoundHound's revenue and earnings. The company aims to strengthen its position in the voice AI market.

Daiwa says AI is key to Apple's long-term growth

Daiwa maintained its positive rating on Apple stock, saying AI is important for future growth. They believe Apple Intelligence features will excite users. Daiwa expects a multi-year upgrade cycle for phones and PCs. They lowered the price target to $230 per share but still support Apple.

AI infrastructure stocks powering the tech revolution

AI infrastructure is becoming very important. Companies like CRWV, IREN, and NBIS provide the computing power needed for GenAI to grow.

Sources

• Earnings live: SoundHound AI stock soars, The Trade Desk gets pummeled, Wendy's lowers profit forecast
• Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down
• 3 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run
• 3 Top Artificial Intelligence (AI) Stocks Ready for a Bull Run @themotleyfool #stocks $NVDA $GOOGL $TSM $GOOG
• Jim Cramer on Palantir: “It’s Among the Most Popular Stocks in the Universe”
• Bank of America double upgrades LegalZoom on strong AI opportunity
• Elon Musk Eyes Ads in Grok Chatbot to Fund Costly AI Hardware
• Accenture (ACN) Backs Snorkel AI to Help Businesses Build Better AI—Starting With Finance
• SoundHound AI (SOUN) Unveils Vision AI As Sales Soar US$71 Million
• Daiwa Sticks With Apple (AAPL), Citing AI as Key to Multi-Year Growth
• 3 AI Infrastructure Stocks Powering the Next Tech Revolution