SoundHound AI (SOUN 6.15%) stock posted big gains in Thursday's trading. The company's share price closed out the daily session up 7.1%, according to data from S&P Global Market Intelligence. An economic "soft landing" would be great for SoundHound AI stock Strong consumer spending could support SoundHound's growth Along those lines, many of the software specialist's customers are in the restaurant industry. The software specialist is also making a big push in the automotive space through its partnership wi ...

For the sake of clarity and balance, I don't have a pony in the race here, as I'm on the fence with the rest of you. So I will explore three different perspectives, namely from those who are bullish, neutral and who think SoundHound AI makes for an easy sell case. Let's get started. Overvaluation Risks but Still Promising Exploring the hold thesis first, SoundHound AI stock has a great opportunity for growth but looks quite overvalued to many. While the company reported an impressive 73% growth in revenue i ...

Over the past month, shares of this company have returned +25.1%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Computers - IT Services industry, which SoundHound AI falls in, has gained 2.7%. The key question now is: What could be the stock's future direction? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determi ...

The company's stock has climbed by 23.46% in the past month, exceeding the Computer and Technology sector's loss of 3.88% and the S&P 500's gain of 1.08%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.33 per share and revenue of $71.01 million. These totals would mark changes of +13.16% and +54.8%, respectively, from last year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage o ...

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 ...

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 ...

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 ...

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 (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 ...

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 ...