SoundHound AI Stock Doubles in 6 Months. Still a Buy?

Artificial intelligence stock SoundHound AI (NASDAQ:SOUN) is up 117% in 2024. That's a remarkable performance after the voice recognition specialist grew nearly 20% the year before. It used the proceeds to pay down all of its debt, some $100 million worth, and is now left in an excellent financial position. Although still a money-losing business, does its newly found financial freedom make the stock a buy? Especially after the run-up in its shares? While it reported a loss of 7 cents per share in the fourth ...