The global AI market surpassed $230 billion in 2024. But analysts now see a clear path to multi-trillion-dollar expansion, creating substantial opportunity for investors.

Within the global market, one of the fastest-growing segments is the conversational AI market. This niche sector is projected to hit roughly $41 billion to $62 billion in market value by 2032. And according to Research and Markets, it could surpass $136 billion by 2035. 

The catalyst for this growth is corporate adoption of AI for better customer experiences, faster responses and personalization; and automation. All of which can help boost operational efficiencies, technology advancements, and omnichannel support.

As noted by Research and Markets, “The surge in AI-powered customer support is a primary growth driver, as businesses shift from traditional call centers to efficient, personalized systems handling high-volume inquiries around the clock. Major companies are investing in solutions that not only respond but also execute actions, accelerating market expansion through enhanced efficiency and user satisfaction.”

That said, this opportunity is still in its early innings. Here are three AI stocks to consider.

Conversational AI Stocks to Buy: SoundHound

SoundHound AI (NASDAQ: SOUN) is one of the most well-known names among the Reddit/meme stock crowd. SOUN stock is down about 25% in 2026, as of this writing. But in December 2024, it was trading above $24 per share.

It was clear that the stock got ahead of the story, but that could be changing. SoundHound announced a new partnership with OpenTable, a global leader in restaurant tech, to launch a fully conversational in-vehicle voice AI reservations agent – as part of SoundHound’s in-car voice commerce platform. 

The new in-car AI agent allows drivers and passengers to find, select, and book restaurant reservations hands-free — all through natural voice commands in their car’s infotainment system. It connects users to its network of over 60,000 restaurants worldwide, checks real-time availability, and secures reservations in moments, transforming what could be a multi-step process into a seamless, spoken interaction that elevates convenience for drivers on the go. 

Analysts at H.C. Wainwright raised the price target on SOUN stock to $28 from $18, with a buy rating.  Ladenburg Thalmann upgraded the stock to Buy, citing strong voice-AI demand and a rapidly expanding enterprise footprint

In addition, with partnerships spanning Red Lobster, Burger King UK, Peet’s Coffee, Duke Health, Lucid Motors, and BNP Paribas, SoundHound is evolving into one of the most diversified pure-play AI platforms on the market. This is the kind of AI leader that could outperform dramatically in the next leg of the AI rally.

Conversational AI Stocks to Buy: RingCentral

RingCentral (NYSE: RNG) is the global leader in AI-powered business communications. The company just announced that “Over a million users rely on RingCentral RingEX as a lightweight contact center, enabling employees to respond to customers alongside everyday work,” said Kira Makagon, President & COO, RingCentral. “The future is customer-centric — uniting AI, unified communications, and contact center capabilities. With the Customer Engagement Bundle, we’re empowering every organization to deliver experiences that build loyalty, boost efficiency, and drive growth.”

RNG stock is down 28% in the last 12 months. However, analysts believe the stock could climb by 25% in 2026, bolstered by forecasts for 44% earnings growth.

Conversational AI Stocks to Buy: Generative AI & Technology ETF

Fund investors who want exposure to the sector without the risk of any one stock may consider the Roundhill Generative AI & Technology ETF (NYSEARCA: CHAT)

With an expense ratio of 0.75%, the Roundhill Generative AI & Technology ETF is the world’s first generative AI ETF. Some of its 38 holdings include NVIDIA (NASDAQ: NVDA), Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Microsoft (NASDAQ: MSFT), Oracle (NYSE: ORCL), Palantir Technologies (NASDAQ: PLTR) and Alibaba Group Holding (NYSE: BABA). 

That means investors get exposure to different levels of the AI stack, including the companies that help build AI platforms, infrastructure (hardware and semiconductors), and enterprise/consumer software applications.

With the global AI market already surpassing $230 billion in 2024, analysts now see a clear path to multi-trillion-dollar expansion, creating a substantial opportunity for investors.

However, in the growing universe of AI stocks, it’s important to know where that opportunity lies. Within the global AI market, one of the fastest-growing segments is the conversational AI market. This sector is projected to hit roughly $41 billion to $62 billion in market value by 2032, and it could surpass $136 billion by 2035, according to Research and Markets. 

All of this is thanks to corporate adoption of AI for better customer experiences in the form of faster responses and personalization; automation, which can help boost operational efficiencies; technology advancements, and omnichannel support.

As noted by Research and Markets, “The surge in AI-powered customer support is a primary growth driver, as businesses shift from traditional call centers to efficient, personalized systems handling high-volume inquiries around the clock. Major companies are investing in solutions that not only respond but also execute actions, accelerating market expansion through enhanced efficiency and user satisfaction.”

Here are three AI stocks that can help you capitalize on this growing segment.

AI Stocks to Buy: SoundHound AI

SoundHound AI (NASDAQ: SOUN) has been one of the most popular and volatile names among AI stocks. SOUN stock is down over 43% in 2025, but as recently as October 15, the stock closed at nearly double its closing price on December 22.

There’s a lot to like about SoundHound. The company announced a new partnership with OpenTable, a global leader in restaurant tech, to launch a fully conversational in-vehicle voice AI reservations agent as part of its in-car voice commerce platform. 

The new in-car AI agent allows drivers and passengers to find, select, and book restaurant reservations hands-free — all through natural voice commands in their car’s infotainment system. It connects users to its network of over 60,000 restaurants worldwide, checks real-time availability, and secures reservations in moments, transforming what could be a multi-step process into a seamless, spoken interaction that elevates convenience for drivers on the go. 

Analysts at H.C. Wainwright raised their price target on SOUN to $28 from $18, maintaining a buy rating.  Ladenburg Thalmann upgraded the stock to Buy, citing strong voice-AI demand and a rapidly expanding enterprise footprint

In addition, with partnerships spanning Red Lobster, Burger King UK, Peet’s Coffee, Duke Health, Lucid Motors, and BNP Paribas, SoundHound is evolving into one of the most diversified pure-play AI platforms on the market. This is the kind of AI leader that could outperform dramatically in the next leg of the AI rally.

AI Stocks to Buy: RingCentral

RingCentral (NYSE: RNG) is another name to consider in the area of conversational AI. The stock is down over 11% in 2025, but has been moving higher after posting a solid earnings report in November.

The global leader in AI-powered business communications just announced that “Over a million users rely on RingCentral RingEX as a lightweight contact center, enabling employees to respond to customers alongside everyday work,” said Kira Makagon, President & COO, RingCentral. “The future is customer-centric — uniting AI, unified communications, and contact center capabilities. With the Customer Engagement Bundle, we’re empowering every organization to deliver experiences that build loyalty, boost efficiency, and drive growth.”

AI Stocks to Buy: Roundhill Generative AI & Technology

Fund investors may want to consider the Roundhill Generative AI & Technology ETF (NYSEARCA: CHAT). To be clear, this isn’t a direct play on conversational AI. However, you will get broad exposure to a broad cross-section of AI stocks. The CHAT ETF is up more than 49% as of the market close on December 22.

With an expense ratio of 0.75%, the Roundhill Generative AI & Technology ETF is the world’s first generative AI ETF. Some of its 38 holdings include Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Microsoft (NASDAQ: MSFT), Oracle (NYSE: ORCL), Palantir Technologies (NASDAQ: PLTR), and Alibaba Group Holding (NYSE: BABA). All of these companies help build AI platforms, infrastructure (hardware and semiconductors), and enterprise/consumer software applications.