2 Top Tech Stocks to Buy in November

Source Motley_fool

Key Points

  • Technology stocks have outperformed the broader market in the past six months.

  • CoreWeave and Soundhound are growing at an incredible pace that they can sustain.

  • Both of these companies are going to release their quarterly reports shortly.

  • 10 stocks we like better than SoundHound AI ›

Technology stocks have been in impressive form over the past six months. The tech-centric Nasdaq Composite's gains of 36% during this period are well above the 23% jump clocked by the S&P 500, suggesting that the tech sector is turning out to be a solid space for investors to park their funds.

The good part is that the tech sector's remarkable growth looks here to stay thanks to a major catalyst in the form of artificial intelligence (AI). That's why it would be a good time to buy a couple of tech names that are benefiting big time from the adoption of AI: SoundHound AI (NASDAQ: SOUN) and CoreWeave (NASDAQ: CRWV).

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Both tech stocks are set to release their results in November. Let's look at the reasons why they could fly higher following their upcoming reports -- and why these two look like solid buys right now.

Person pressing a button labeled as buy on a keyboard.

Image source: Getty Images.

1. SoundHound AI

SoundHound AI stock has witnessed a roller-coaster year. It slipped substantially in the first half of 2025, owing to valuation concerns and its ability to sustain its remarkable growth rate. However, it has shot up 86% in the past six months. SoundHound is set to release its third-quarter results after the market closes on Nov. 6.

It won't be surprising to see the company deliver better-than-expected results and raise its guidance once again. That's because SoundHound AI operates in the fast-growing conversational AI space. The voice AI solutions offered by the company allow its customers to improve productivity. SoundHound's platform enables customers to create voice AI agents, smart answering systems, smart ordering systems, and other custom voice AI applications.

The demand for such voice AI solutions is increasing as organizations can provide round-the-clock support to their customers in multiple languages, reduce waiting times, and offer tailored interactions based on past history. Moreover, AI-based voice agents can handle larger volumes, apart from collecting and analyzing data from the interactions to help elevate the customer experience.

SoundHound claims that its voice AI platform is more accurate, precise, and faster compared to what's offered by rivals. For instance, SoundHound says that its offerings are 47% more precise in noisy setups such as call centers or restaurants when compared to what's offered by big tech companies. As a result, it is witnessing remarkable growth in revenue.

Its revenue in the second quarter increased by 217% year over year to $42.7 million. Additionally, SoundHound increased its full-year guidance, forecasting $160 million to $178 million in revenue this year. That would be nearly double its 2024 revenue of $84.7 million at the midpoint. The recent partnerships struck by SoundHound, mostly for its Amelia agentic AI platform, indicate that it has the potential to deliver another beat-and-raise quarterly report.

Moreover, the voice AI agents market is expected to generate $47.5 billion in revenue in 2034 as compared to just $2.4 billion last year. That translates into a compound annual growth rate of nearly 35%. SoundHound is growing at a much faster pace than this market, a trend that seems sustainable since the company is considered to be a leading provider of conversational AI solutions by market research firm IDC.

As such, SoundHound has the ability to sustain its outstanding growth rates going forward, and that could set the company up for more gains following its upcoming results in November.

2. CoreWeave

CoreWeave stock has shot up a stunning 234% since its initial public offering (IPO) in March of this year. Even then, one can buy this AI stock at an attractive 19 times sales. You may be wondering why I am calling CoreWeave attractive, even though it trades at a hefty premium to the Nasdaq Composite's average price-to-sales ratio of 5.6.

That's because CoreWeave is growing at a stunning pace thanks to its business model of renting out its AI-dedicated data centers to customers for running AI workloads in the cloud. CoreWeave operates 33 AI data centers in Europe and the U.S. with a capacity of 470 megawatts (MW). These data centers are equipped with graphics processing units (GPUs) from the likes of Nvidia, which customers can rent on a monthly or on-demand basis.

CoreWeave intends to significantly raise its data center capacity going forward, pointing out that it already has 2.2 gigawatts (GW) of contracted data center power capacity. It won't be surprising to see the company turning that contracted capacity into active capacity quickly, considering the pace at which it has been signing lucrative contracts with customers.

The company's remaining performance obligations (RPO) stood at $30.1 billion at the end of the second quarter, up from $16.2 billion in the year-ago period. Since then, CoreWeave has signed multibillion-dollar deals with the likes of OpenAI, Meta Platforms, and Nvidia. These deals are likely to have led the RPO close to the $50 billion mark.

As a result, don't be surprised to see CoreWeave smashing Wall Street's expectations when it releases its third-quarter results on Nov. 10. It has clocked $2.2 billion in revenue in the first half of 2025, up by 275% from the prior year. The full-year revenue guidance of $5.25 billion points toward a stronger performance in the second half of the year.

However, the recent contracts that CoreWeave has struck could be enough for it to exceed its expectations. That's why investors should consider buying this tech stock, as its stunning growth rate is enough to justify its valuation, while the remarkable revenue backlog suggests that it still has a lot of room for growth in the long run.

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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms and Nvidia. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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