Company Overview - Soundhound AI's share price surged 836% in 2023, though it has since pulled back more than 40% from its peak, with a market cap around $5 billion [2] - The company was founded in 2005 with a mission to enable people to "talk to technology just as they do to each other" [2] - Soundhound AI's voice AI technology is utilized across multiple industries, including automotive, hospitality, and restaurants [2] - The company boasts a prestigious customer base, including Hyundai, Kia, Stellantis brands, Applebee's, Chipotle Mexican Grill, Five Guys, and Jersey Mike's [3] - Soundhound AI holds 155 patents and has 115 patents pending, covering areas such as machine learning, natural language understanding, and speech recognition [4] Financial Performance - Soundhound AI's revenue has grown at a compound annual growth rate of 51% since 2020 [5] - In Q3 2024, the company's revenue increased 89% year-over-year to $25.1 million [5] - The company posted a net loss of nearly $21.8 million in Q3 2024 but expects to achieve positive adjusted EBITDA by the end of the year [10] Market Opportunity - Soundhound AI estimates its total addressable market to be at least $140 billion, with potential growth to $160 billion by 2026 according to Juniper Research [7] - The proliferation of IoT devices, estimated at 75.4 billion globally in 2024, presents a significant opportunity for Soundhound's voice AI technology [8] Competitive Landscape - Soundhound AI faces competition from deep-pocketed rivals such as Apple, Google parent Alphabet, Microsoft, and OpenAI [9] - The company has diversified its customer base, with six sectors each contributing 5% to 25% of revenue, and the largest customer accounting for only 12% of total revenue [6]

SoundHound AI (SOUN 12.90%) stock is surging higher in Tuesday's trading thanks to a duo of catalysts. The conversational artificial intelligence (AI) specialist's share price was up 11.7% at 1:10 p.m. ET and had been up as much as 16.5% earlier in the daily session.SoundHound AI published a press release today announcing that it had formed a partnership with Rekor Systems to bring new services to police and emergency vehicles. In addition to the business-specific catalyst, the stock is also getting a boost ...

This high-flying market darling may not be a great buy right now, but the stock would look great after a quick price correction.It never hurts to plan ahead.One of the greatest hypergrowth stocks on the market is a terrible buy right now, but that should change in 2025. An overheated stock price should cool down in the next few months, while the underlying long-term success story remains.As a result, I wouldn't touch shares of SoundHound AI (SOUN 8.60%) right now. At the same time, I'm prepared to pounce if ...

SoundHound AI (SOUN 0.39%) stock is seeing strong gains in Tuesday's trading. The conversational artificial intelligence (AI) company's share price was up 2.2% as of 10:30 a.m. ET, amid a gain of 0.2% for the S&P 500 (^GSPC -0.04%) and a gain of 0.3% for the Nasdaq Composite (^IXIC -0.04%). The stock had been up as much as 12.4% early in the session.After some big sell-offs early in 2025's trading, SoundHound AI stock is surging today thanks to some bullish macroeconomic news. But while the company's share ...

Nvidia (NVDA -1.97%) was a $360 billion company at the start of 2023, but just two years later, its worth has accelerated to a whopping $3.3 trillion. The main driver behind the company's incredible growth is Nvidia's graphics processors (GPUs) for data centers, which are the best in the world for developing artificial intelligence (AI) models.AI has been a big driver of its growth and Nvidia is looking for ways to ensure AI keeps fueling its growth going forward. To help with that, over the past year or so ...

SoundHound AI (SOUN -8.91%) stock was one of the market's biggest winners in 2024. The company's share price skyrocketed 835.8% across last year's trading, according to data from S&P Global Market Intelligence. SoundHound AI is an early leader in the conversational artificial intelligence (AI) space, and its share price saw massive growth last year in conjunction with rising demand for voice-based software interfaces and other positive catalysts. The stock got a big boost early in 2024's trading after it wa ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

SoundHound AI (SOUN -7.82%) stock is seeing a significant pullback in Friday's trading. The company's share price was down 7.3% as of 11 a.m. ET amid a 1.4% decline for the S&P 500 index and a 1.7% pullback for the Nasdaq Composite index.SoundHound AI stock is getting hit hard today following the latest U.S. jobs report. While the report showed that more jobs were added last month than broadly expected, this is actually a bearish development because it makes it less likely that the Federal Reserve will cut ...

SoundHound AI (SOUN -16.44%) stock is seeing dramatic sell-offs in this week's trading. The company's share price is down 27.2% from last Friday's market close, according to data from S&P Global Market Intelligence.The U.S. stock market is closed today in remembrance of President Jimmy Carter, but SoundHound AI stock has seen a big valuation pullback across this week's first three days of trading. The conversational artificial intelligence (AI) specialist's share price has suffered a big pullback in conjunc ...

Has the artificial intelligence bubble burst for this upstart?SoundHound AI (SOUN -16.44%) has been one of the hottest stocks on the market over the past three months, but shares are dropping this week. Is the thesis broken, or is this a buying opportunity? Travis Hoium looks into the business and its moat in this video.*Stock prices used were end-of-day prices of Jan. 8, 2025. The video was published on Jan. 8, 2025. ...