Growth Potential and Stock Performance - SoundHound AI's stock has more than doubled in value this year, but it is down 8% over the past six months as market excitement has cooled [1][2] - The company has a market cap of $1.7 billion, indicating potential upside if its business continues to grow and profitability improves [2] Financial Performance and Profitability - SoundHound AI's revenue grew 54% year-over-year to $13.5 million in Q2, but its net loss increased by 60% to $37.3 million [3] - The company's profit margin trend shows no clear path to breaking even, raising concerns about its financial sustainability [3][4] Share Dilution and Cash Flow - SoundHound AI's share count has increased significantly in recent years due to the need for capital to fund operations and growth [5] - The company has experienced an 83.7% increase in shares outstanding over the past year, with operating cash outflows of $74.5 million in the last 12 months [6] - Continued cash burn and potential for further dilution could put downward pressure on the stock price [6] Competitive Landscape and Market Sentiment - SoundHound AI faces intense competition in the AI voice services market, with no clear sustainable competitive advantage established [7] - High short interest in the stock indicates significant investor skepticism, which could lead to increased volatility and downward pressure on the stock price [7][8] Investor Sentiment and External Factors - Nvidia's investment in SoundHound AI has contributed to the stock's popularity and performance, but the company's financial challenges remain a concern [9] - Despite the hype, the company's ability to improve its financials is uncertain, especially with large tech companies entering the voice AI space [10]

Curious about SoundHound AI's long-term growth potential? Find out which metric you should track. Artificial intelligence (AI) expert SoundHound AI (SOUN 4.54%) has about two decades of operating history and technology development under its belt. At the same time, it's a young company on the stock market. SoundHound AI entered the public stock market by merging with a special purpose acquisition company (SPAC) in the spring of 2022. Ten earnings reports later, the maker of AI-powered voice control systems b ...

Nvidia is a big fan of this high-growth AI company. Earlier this year, Nvidia (NVDA -0.18%) revealed that it invested capital in several promising artificial intelligence (AI) companies. Management clearly believed the investments would pay off, but it also positioned the company as a direct enabler of its end markets. After all, Nvidia isn't an AI company itself. Rather, it supplies the AI industry with critical components like graphics processing units, or GPUs. By investing in the overall growth of AI, N ...

In the latest trading session, SoundHound AI, Inc. (SOUN) closed at $4.63, marking a -1.07% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.6%. Shares of the company witnessed a gain of 1.74% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.96% and the S&P 500's gain of 6.41%. The investment community will be closely monitoring ...

When tech titans take notice, the market listens. Find out how a modest investment boosted this AI expert's long-term growth prospects. Shares of SoundHound AI (SOUN) had soared this year. The artificial intelligence (AI) expert, specializing in AI-powered voice controls, has scored a 122% gain year to date. Is there any room left for further growth, or did SoundHound AI already peak? Let's find out. Understanding SoundHound AI's recent stock performance This isn't even the top of SoundHound AI's stock char ...

Nvidia's Dominance in AI - Nvidia has seen a 2,600% stock increase over the past five years and is heading for a 148% gain this year [2] - The company dominates the AI chip market with an 80% share and offers a wide range of AI products and services [2] - Nvidia's revenue and profit have been growing in triple digits quarter after quarter, with margins exceeding 70% [3] - The company focuses on innovation, promising to update its chips annually, which supports continued strong performance [3] SoundHound AI's Growth and Market Position - SoundHound AI specializes in AI-driven conversational voice assistants, using proprietary speech-to-meaning technology [5] - The company holds 155 granted patents and 115 pending, protecting its technology [6] - SoundHound operates in markets like automotive, restaurants, and customer service, with plans to expand into financial services and healthcare, targeting a $140 billion total addressable market [6] - Recent acquisition of Amelia has expanded SoundHound's reach in healthcare and other markets, increasing its addressable markets and adding 200 marquee customers [7] SoundHound's Financial and Operational Metrics - SoundHound's quarterly revenue increased by 54% to $13.5 million, with cumulative subscriptions and booking backlog doubling year over year to $723 million [9] - The company has an annual run rate of 5 billion queries, indicating strong customer interest [9] - SoundHound has a strong cash position of over $200 million and has made progress in paying down debt, supporting its growth strategy [10] - R&D spending increased by 34% year over year, and marketing spending advanced by 11%, reflecting the company's focus on growth and market leadership [8] Stock Performance Comparison - SoundHound's stock is heading for a 121% increase this year, lagging behind Nvidia but showing strong momentum [11] - If Nvidia's shares stagnate or decline, and SoundHound gains more momentum through contract wins or positive news, SoundHound could outperform Nvidia [11] - Both companies are likely to deliver strong performances this year, but SoundHound has the potential to be the biggest winner in 2024 [12]

Here's why the stock could have a lot of upside in the years ahead. Artificial intelligence (AI) is still in its early days, but it has the chance to become a game-changing technology, much in the same way as the internet and smartphones. Those technologies produced a number of winning companies and helped create many millionaires along the way. Let's look at one company that has the potential to be a millionaire maker in the future: SoundHound AI (SOUN). A leader in voice AI SoundHound has developed a voic ...

The most recent trading session ended with SoundHound AI, Inc. (SOUN) standing at $4.69, reflecting a -0.85% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.04%. Shares of the company have appreciated by 5.35% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.41% and the S&P 500's gain of 1.25%. Analysts and investors al ...

Looking for the next big thing in tech stocks? Check out this under-the-radar company with massive growth potential. A few tech stocks have made plenty of millionaires. If you invested just $1,000 in Apple (AAPL -2.91%) stock 40 years ago, you'd have a total return of $2.7 million today. Placing the same $1,000 on the Microsoft (MSFT -2.23%) IPO two years later would have yielded a $7.1 million return. Those are life-changing returns. These millionaire-maker stocks have a few things in common. Apple and Mic ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about SoundHound AI, Inc. (SOUN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SoundHound AI currently has an ...