There are just 17 U.S. exchange-listed companies with market caps greater than $1 billion that have more than doubled in 2024. Most of them won't double again. Market sentiment will rotate elsewhere, and some of them will fall out of favor.

Let's focus on the winners with legs. I think two of them -- SoundHound AI (NASDAQ: SOUN) and Sweetgreen (NYSE: SG) -- have the ingredients to potentially double again before the end of this year. Let's take a closer look.

This is the second year in a row that SoundHound AI has gotten off to a hot start after the ball drops in Times Square. A leader in conversational intelligence, SoundHound doubled in 2023 by Feb. 6. It gave back most of those gains by the end of the year. This time around, it got there by Feb. 26. Can it sustain the early gain in 2024?

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Source Fool.com