Artificial intelligence stocks have helped propel the markets to all-time highs, but can the momentum really keep going?

AI covers a lot of different applications, one of which is voice recognition technology. One of the leading companies in the field is SoundHound AI (NASDAQ: SOUN), whose stock has rocketed 578% in 2024 as of this writing.

No chipmaker has benefited more from the rapid rise in artificial intelligence (AI) spending than Nvidia (NASDAQ: NVDA). The company's graphics processing units (GPUs) are essential for any company looking to develop and train large language models and build generative AI applications.

IonQ and Nvidia's technologies hold the promise of advancing AI to new heights. IonQ’s tech centers on quantum computing, which can unlock unprecedented computer power for AI. Nvidia’s new Blackwell platform was built for the needs of AI systems and is already in high demand.