The artificial intelligence rally is very hype-driven. However, this innovative software company could help change things. Let's be honest. After the stunning launch of OpenAI's ChatGPT in late 2022, the generative artificial intelligence (AI) industry has been more hype than substance. While hardware makers like Nvidia or Advanced Micro Devices have made tons of money selling the chips needed to run and train these complex algorithms, there have been conspicuously fewer profits on the consumer-facing softw ...

SoundHound AI (SOUN) is scheduled to report its second-quarter 2024 results on Aug 8. The Zacks Consensus Estimate for revenues is currently pegged at $13.01 million, suggesting growth of 48.69% from the year-ago quarter's reported figure. The consensus mark for loss is pegged at 9 cents per share, unchanged over the past 30 days. SOUN reported a loss of 10 cents per share in the year-ago quarter. SOUN's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing once and was in ...

OceanProd/iStock via Getty Images SoundHound AI (NASDAQ:SOUN) is an interesting stock. Here on Seeking Alpha, there's a huge variance in analyst opinion on the name, which makes sense given the company's strong performance and astronomical valuation. On the one hand, it's an exciting company in a transformative industry. On the other hand, the multiple (for some) is simply too expensive to consider. While there are a lot of factors in play when it comes to a potential allocation, the investment case for SOU ...

Let's compare Nvidia's current AI dominance with SoundHound AI's growth potential. Which stock is the better buy right now? Artificial intelligence (AI) hardware giant Nvidia (NVDA -2.26%) doesn't have much in common with voice control software specialist SoundHound AI (SOUN -4.13%). Nvidia is one of the largest and most profitable businesses in the world right now, while SoundHound AI is just getting its feet wet in the world of big business. The Goliath-and-David relationship is almost comical. I mean, Nv ...

Shares of SoundHound AI, Inc. (SOUN) have gained 29.5% over the past four weeks to close the last trading session at $5.09, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.17 indicates a potential upside of 40.9%. The mean estimate comprises six short-term price targets with a standard deviation of $1.81. While the lowest estimate of $5 indicates a 1.8% decline from the curre ...

SoundHound AI (SOUN) shares have jumped 27.3% in the past month, outperforming the Zacks Computer & Technology sector's decline of 6.4% and the Zacks Computers – IT Services' growth of 5.2%. SoundHound AI is benefiting from a strong portfolio, a strong partner base and an expanding clientele. SOUN offers conversational intelligence through independent Voice AI solutions in 25 languages in both cloud-enabled and hardware-embedded devices. Its prospects benefit from a massive addressable market worth more tha ...

An impressive client list and a partnership with Nvidia may be insufficient to save this stock. Despite those successes, SoundHound faces ongoing losses and significant difficulties on the financial side of the business. Given the severity of those challenges, investors and analysts appear to have taken an overly bullish stance on the SaaS stock. The company's $1.6 billion market cap makes SoundHound AI a small-cap stock. However, despite its size, companies as varied as Qualcomm, Stellantis, and Netflix ha ...

*Stock prices used were the afternoon prices of July 28, 2024. The video was published on July 30, 2024. SoundHound AI is scheduled to report quarterly financial results that could have huge implications for investors. Fool.com contributor Parkev Tatevosian discusses what investors should look for from SoundHound AI (SOUN 3.56%) and its quarterly earnings release. ...

SoundHound AI has capitalized on its technological advancements and strategic partnerships to drive significant growth. Despite its impressive growth, SoundHound AI faces several challenges. The company's high valuation, trading at 31.3 times this year's expected sales, makes it sensitive to market volatility and economic shifts. This impressive performance can be attributed to the company's strategic initiatives and robust market positioning. The company's recent payoff of $100 million in debt, leaving it ...

I hope you're also up to date with SoundHound AI's backlog of long-term contracts and other unfilled orders. In May's first-quarter report, that repository of untapped future revenue was worth $382 million, up 80% from the year-ago period. The average length of these backlogged agreements was seven years. Assumptions for a valuation experiment Let's work up an estimated price-to-sales ratio for SoundHound AI's stock that takes the backlog into account. This is a thought experiment, relying on some simplifie ...