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ChatGPT picks 2 millionaire-maker stocks to buy in August

ChatGPT picks 2 millionaire-maker stocks to buy in August
Paul L.
Stocks

The stock market has kicked off August on a bearish note, with major indexes plunging in reaction to disappointing jobs data and trade tariff uncertainty.

Amid the chaos, Finbold consulted OpenAI’s ChatGPT to identify stocks worth buying this month and holding for the long term. The AI model highlighted the following high-risk, high-reward small-cap stocks with strong growth potential, positioned as key players in transformative industries.

Amprius Technologies (NYSE: AMPX)

According to ChatGPT, Amprius Technologies (NYSE: AMPX) stands out as a small-cap company specializing in silicon-anode lithium-ion batteries. These batteries offer higher energy density, making them ideal for drones and next-generation electric vehicles. 

The company is ramping up production capacity, expanding its order backlog, and positioning itself to capture a larger share of the market.

Amprius is expected to release its latest earnings report on August 7, which could act as a short-term catalyst for the stock. Analysts are forecasting a quarterly loss of $0.08 per share, a 38.5% improvement year-over-year, on revenue of $12.92 million, up 285.7% from the same period last year. 

Investors will be closely watching management’s guidance and commentary on business conditions, which could shape future expectations.

At the close of the last market session, AMPX was trading at $6.36, down over 8%. Year-to-date, the stock has surged 122%.

AMPX YTD stock price chart. Source: Google Finance

SoundHound AI (NASDAQ: SOUN)

SoundHound AI (NASDAQ: SOUN) was the second pick, based on its leadership in the expanding voice-assistant technology space. The company builds agentic AI platforms that serve a growing range of industries, including automotive and hospitality.

Although the company has been developing its technology for over two decades, it wasn’t until the recent AI boom that revenue began to accelerate. After an 836% gain in 2024, SoundHound’s stock has since pulled back significantly following Nvidia’s (NASDAQ: NVDA) decision to exit its investment. 

Nvidia’s initial backing had sent shares soaring, signaling strong validation of SoundHound’s potential.

Despite the downturn, fundamentals remain robust. The company reported full-year revenue growth of 85% in 2024 and a staggering 151% year-over-year increase in Q1 2025.

At press time, SOUN was trading at $10.11, down 2%. Year-to-date, the stock is down nearly 50%.

SOUN YTD stock price chart. Source: Finbold

In summary, ChatGPT emphasized that while Amprius and SoundHound are volatile small-cap stocks, their strong fundamentals, combined with anticipated rate cuts, position them to potentially deliver outsized returns, despite lacking the stability of blue-chip names.

Featured image via Shutterstock

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