Check out why SoundHound AI's stock dropped in June, despite a complete lack of negative news. Is this AI stock a great buy today? Shares of SoundHound AI (SOUN 6.62%) fell 21.8% in June 2024, according to data from S&P Global Market Intelligence. The voice control software specialist had no bad news to share last month, but investors shrugged off a handful of positive developments to drive the stock price lower anyway. The move still makes sense from a certain point of view. In my eyes, however, the price ...

While everybody and his uncle obsesses over Nvidia (NASDAQ:NVDA), there's another artificial intelligence (AI) investment that's still under the radar. Many stock traders haven't heard of SoundHound AI (NASDAQ:SOUN) but it could become a household name someday. For now, SoundHound AI stock is below $5 but I envision it reaching $10 someday. CEO and CTO Sell SoundHound AI Stock Before you give up on SoundHound AI completely, let's put these insider selling events into perspective. Even after those sales, Moh ...

SoundHound AI is an all-or-nothing style of investment. Hitting a home run in investing can be very satisfying as the returns can be incredible. But alongside home runs come strikeouts, and when you're an all-or-nothing style of investor, strikeouts happen a lot more than home runs. Still, if the overall returns make up for the massive losses, this can be a worthy investment strategy for those with the right stamina. These days, some investors might be looking for artificial intelligence (AI) stocks with th ...

The company is benefiting directly from the rise of AI, and the year ahead should be one of progress. SoundHound AI (SOUN -1.00%) stock has been a roller coaster. Earlier this year, shares quadrupled after chipmaker Nvidia revealed a $3.7 million investment in the company. Since hitting their peak, shares have shed over half their value. The underlying reality, however, has been much less volatile. SoundHound has been signing new customers, securing additional patents, and proving its technology through a g ...

Find out why SoundHound AI might be your next top stock pick. It's hard to find undervalued stocks in the redhot AI market but this one might deserve that tempting description. Despite its negative earnings and eyebrow-raising valuation ratios, SoundHound AI stands out as a diamond in the rough. The voice-control specialist's stock is currently down by a significant margin from its previous highs, but don't let that discourage you. Here's why I see a big future for this little artificial intelligence (AI) p ...

Trading volumes are down significantly A good way to gauge the level of interest in a stock is to look at its trading volumes to see how many shares are changing hands each day. At its peak, over 300 hundred million shares of SoundHound traded in a single day. Nowadays, however, that has drastically declined, closer to where the stock was before all the Nvidia-fueled hype. SoundHound, however, is still in an early growth stage. Although its sales rose more than 70% year over year in Q1, the business is unpr ...

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SoundHound is an emerging AI stock with an exciting future. Should you bet on it? SoundHound AI (SOUN 1.53%) stock has done very well recently. Over the past six months, shares nearly doubled. There are many great reasons for this, and it's not hard to see tremendous upside in the months and years to come. AI voice technology is an exciting place to be From 2017 to 2021, SoundHound signed dozens of major clients including Honda, Qualcomm, Pandora, Snap, Vizio, and Hyundai. All of these companies wanted to a ...

Further expanding its portfolio through inorganic ways, SOUN recently announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants with local customers. The acquisition marks a significant expansion for SoundHound, enhancing its capabilities in voice AI through the integration of Allset's team and expertise. The acquisition will enable SoundHound to bolster its position in the voice commerce ecosystem, enabling seamless, voice-enabled food and drink ordering acr ...

SoundHound AI (SOUN -1.24%) initially impressed a lot of investors when it went public by merging with a special purpose acquisition company (SPAC) on April 28, 2022. It developed audio and speech-recognition services that weren't tethered to tech giants like Alphabet's Google or Microsoft. SoundHound clearly faces a lot of near-term challenges, but could it bounce back over the long term and become a trillion-dollar stock by 2050? Let's see how its business might expand and evolve over the next few decades ...