The U.S. stock market surged impressively in late 2023, with the S&P 500 closing the year with a gain of 24.2%, continuing its upward momentum in early 2024. Amid this bullish phase, investors are eyeing artificial intelligence (AI) companies for long-term gains. SentinelOne and SoundHound AI have emerged as top picks for retail investors.

SentinelOne, a leading endpoint security provider, has seen a 70% increase in its stock value in the past year. With its Singularity security platform, the company has attracted over 11,500 customers by offering unified endpoint protection and AI-powered cybersecurity solutions. Revenue grew by 42% year over year in the third quarter of fiscal 2024, showcasing a strong path towards profitability.

On the other hand, SoundHound AI witnessed a 66% stock surge after Nvidia invested $3.7 million in the voice and audio recognition software specialist. SoundHound AI has carved a niche in the conversational AI market, with its unique voice-enabled solutions and direct speech interpretation capabilities. The company's revenue reached $29 million in the first nine months of 2023, with a substantial bookings backlog of $342 million.

Both SentinelOne and SoundHound AI are positioned for growth in 2024, driven by increasing demand for AI technologies and their innovative offerings in the cybersecurity and voice recognition sectors. These companies present promising opportunities for investors looking to capitalize on the AI revolution in the market.