With today's gains, SoundHound AI stock is now up more than 1,000% in 2024.SoundHound AI (SOUN 17.61%) stock is posting big gains in Thursday's trading. The company's share price was up 17.9% as of 12:30 p.m. ET.SoundHound AI stock is surging amid a day of strong momentum for meme stocks. Speculative growth plays are seeing a strong rebound on the heels of recent valuation volatility, and the conversational artificial intelligence (AI) is also getting a boost from bullish analyst coverage.SoundHound AI stoc ...

Valuation and Investment Perspective - SoundHound's forward price-to-sales (P/S) ratio is nearly 90, indicating a high valuation despite the company not being profitable yet [1] - The stock is considered an aggressive investment, with potential for a profitable future as use cases grow [1] - The company's scalable platform is expected to allow revenue, adjusted EBITDA, and earnings to catch up to the share price over time [6] Stock Performance - SoundHound AI stock has more than quadrupled over the last three months and is up by 860% year to date [3] - Wall Street analyst Scott Buck maintains a "buy" rating and raised the price target from $8 to $26 per share, implying a 27% upside [7] Market Expansion and Revenue Growth - The market for voice technology has expanded from customer service sectors to automotive use cases, integrating cloud-based large language models into vehicles [4] - Recent acquisitions are expected to significantly increase the scope of SoundHound's business in retail, healthcare, and financial services [5] - SoundHound management has increased revenue guidance for this year and estimates sales will approximately double in 2025 [8] Industry Demand - Demand for voice generative AI is expected to continue growing across multiple sectors [5]

SoundHound AI (SOUN -0.93%) has simply taken off in the past couple of years. Shares of the voice artificial intelligence (AI) solutions provider shot up a phenomenal 1,940% during this period thanks to the growing AI craze, an investment in the company by Nvidia, and solid results from the company in recent quarters.So, if you bought just $100 worth of SoundHound AI stock two years ago, your investment would now be worth an impressive $2,000. The stock witnessed wild swings during this period, though it wo ...

These days, you can't find an investment bank analyst who's not excited about a handful of artificial intelligence (AI) stocks. Since ChatGPT exploded in popularity in late 2022, businesses of all sizes have been hurling money at new AI solutions with both hands to avoid getting left behind.One stock that's benefited immensely from the AI revolution is SoundHound AI (SOUN -6.09%). Enterprise customers license its technology to support their voice-activated AI agents, which are like chatbots that can behave ...

SoundHound AI (SOUN 15.38%) is likely one of the cheapest artificial intelligence (AI) stocks available (at least on a dollar-per-share basis). While most brokerages offer fractional shares, not all do, and that can limit what stocks investors can buy.At around $20, SoundHound is a fairly affordable investment for most people, but the stock is far from cheap. How can a stock be affordable and expensive at the same time? It's all about valuation.SoundHound's stock has been on fire latelySoundHound AI is one ...

After rocketing more than 40% at its high this week, SoundHound AI (SOUN -11.01%) stock gave back much of those gains. But shares were still higher by about 10.3% for the week, as of late Thursday, according to data provided by S&P Global Market Intelligence.The week is capping off a massive run for shares of the maker of conversational artificial intelligence (AI) technology solutions over the last month. The stock has more than tripled in that time, bringing year-to-date returns to 780%.The under-the-rada ...

SoundHound AI (SOUN -7.34%) stock is seeing big sell-offs in Thursday's trading. The company's share price was down 12.3% as of 11:30 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 0.7%.Despite being down big as of this writing, SoundHound AI stock actually started the day with big gains. The conversational artificial intelligence (AI) specialist's share price had been up as much as 14.1% earlier in the session.Why SoundHound AI stock is highly volatile todaySoundHo ...

The voice AI company is growing revenue, but profits are several years away.*Stock prices used were the afternoon prices of Dec. 14, 2024. The video was published on Dec. 16, 2024. ...

SoundHound AI Inc SOUN stock skyrocketed 713% this year and 173% this month.The company, which specializes in voice AI technology, is trading at an all-time — and 52-week high — of $17.29 on Friday. Chart created using Benzinga ProSOUN stock's technical signals are flashing green across the board. Trading well above its eight, 20 and 50-day simple moving averages, SoundHound is in strongly bullish territory.Key indicators like its relative strength index (RSI) of 80.89 may point to an overbought status, bu ...

I've written a lot about SoundHound AI (SOUN 23.70%) this year. In early 2024, the company secured a multimillion-dollar investment from Nvidia, the largest supplier of artificial intelligence (AI) graphics processing units (GPUs) on the planet. This partnership, I believed, was a huge vote of confidence for what was then a relatively small AI business.A lot has changed in recent weeks. Since the start of November, SoundHound shares surged in value by roughly 217%, adding billions of dollars to its market c ...