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.

Broadcom's solid growth in the past year has brought the company's market cap to $1.3 trillion. Its healthy revenue growth, massive addressable market, and improving customer base could help it deliver more upside.

It looks like artificial intelligence (AI) is here to stay. Unlike many catch phrases and buzzwords that have come and gone in the markets over the past few years, AI is driving real-world progress and generating billions of dollars in sales for top companies.