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SOUN Stock Analysis: The 3 Biggest Hurdles Facing SoundHound AI
Investor Place· 2024-07-19 10:50
Over the last few trading sessions, SoundHound AI (NASDAQ:SOUN) fell by more than 12% from $6.20 a share to $5.49. For those who don't follow SoundHound AI stock, the company makes AI voice assistants that can be used on everything from the phone in your hotel room to the drive-through at a fast-food restaurant. Its technology has already been implemented at many well-known brands like White Castle, Hyundai (OTCMKTS:HYMTF), and Qualcomm (NASDAQ:QCOM). Despite its recent decline, the stock price is still up ...
Why SoundHound AI Stock Plummeted Today
The Motley Fool· 2024-07-18 23:31
Geopolitical pressures hit growth stocks hard today Yesterday, Bloomberg Businessweek published an interview with former president and current presidential candidate Donald Trump. In the interview, Trump suggested that his administration could require Taiwan to pay for defense services and stated that the country had taken the U.S.'s semiconductor industry. Due to the presence of Taiwan Semiconductor Manufacturing and other fabrication companies, Taiwan is hugely important for global chip production and tec ...
SOUN Stock: Sports Bar Chain Rolls Out Voice Tech From SoundHound AI
Investor Place· 2024-07-17 16:26
This spreads SoundHound AI's services across the U.S. as Beef 'O' Brady's has locations in 20 states. It is trained on the chain's menu and can answer questions about it. That includes promotions and specials. Despite the collaboration with Beef 'O' Brady's, shares of SOUN stock are down 6.3% as of Wednesday afternoon. However, the company's shares are still up 162.5% since the start of the year. Beef 'O' Brady's now allows customers of its restaurants to make orders with the help of AI audio. These capabil ...
SoundHound AI Gets a Boost From This Major News, but Is It Enough to Make the Stock a Buy?
The Motley Fool· 2024-07-17 14:30
The stock possesses a lot of potential, but there's plenty of risk with this investment as well. After what looked like a lull in trading and decreased interest in the stock, shares of SoundHound AI (SOUN -2.42%) appear to be taking off again. The company's potential in the voice artificial intelligence (AI) market drove a lot of bullishness in the stock earlier in the year, but that proved to be a short-lived rally. But now, investors are excited once more about the stock, given some fairly exciting develo ...
SoundHound AI Investors Just Got Huge News. Time to Buy?
The Motley Fool· 2024-07-16 10:47
SoundHound AI (SOUN -9.19%) has been popular with those looking for pure-play artificial intelligence (AI) investments. Because many of the most innovative AI companies are either private businesses or inside a division of a big tech company, pure-play investments are few and far between. SoundHound's latest partnership could be a sign of things to come The company has partnered with the automaker Stellantis to integrate ChatGPT into its vehicles' digital assistants. This would make the assistant far more p ...
Why SoundHound AI Stock Skyrocketed This Week
The Motley Fool· 2024-07-12 23:18
After explosive bullish momentum this week, SoundHound AI stock is now up 192% this year. SoundHound AI (SOUN 15.46%) stock surged higher in this week's trading. The company's share price closed out this week up 48% from last Friday's market close, according to data from S&P Global Market Intelligence. Automaker Stellantis expanded its integration of SoundHound's voice-based artificial intelligence (AI) technologies in Europe this week. The development could be a significant sales driver for the voice-inter ...
SoundHound AI Stock May Be Poised for a Correction. Be Careful.
Investor Place· 2024-07-12 19:28
There's a great deal to like about Soundhound AI (NASDAQ:SOUN) stock at this point. Its exposure to the AI megatrend, alliance with Nvidia (NASDAQ:NVDA) and strong, overall growth are all in its favor. Soundhound AI Stock's Many Positive Attributes The fact many companies seek to save money by implementing AI-powered tools likely helped Soundhound successfully convince many to adopt its offerings. That is a huge factor behind Soundhound's impressive growth. Last quarter, the firm's top line surged 73% versu ...
Is Trending Stock SoundHound AI, Inc. (SOUN) a Buy Now?
ZACKS· 2024-07-12 14:06
SoundHound AI, Inc. (SOUN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Rather than focusing on anything else, we at Zac ...
SoundHound AI Stock Rises Further on Expanded Stellantis Partnership
Investopedia· 2024-07-11 16:45
SoundHound noted that in March, Stellantis-owned French luxury carmaker DS Automobiles became the first international automotive company to go into full production with the technology. Chief Operating Officer (COO) Michael Zagorsek explained that the collaboration with Stellantis "has put both companies right at the cutting edge of innovation in the automotive sector." Key Takeaways SoundHound AI's voice artificial intelligence (AI) technology is being added to more Stellantis-owned vehicle brands in Europe ...
SoundHound (SOUN) Enhances Driving Experience With Chat AI
ZACKS· 2024-07-11 15:55
Further expanding its footprint in the automotive sector, SoundHound collaborated with NVIDIA (NVDA) . SoundHound AI (SOUN) is expanding its footprint in the automotive industry by introducing its advanced SoundHound Chat AI voice assistant, integrated with ChatGPT, into Peugeot, Opel and Vauxhall vehicles across 11 European markets — including Austria, France, Germany, Italy, Spain and the U.K. The Zacks Rank #3 (Hold) company's robust portfolio and strong partner base are expected to boost its top-line gr ...