Should You Forget SoundHound AI and Buy 2 Tech Stocks Instead?

Group 1: SoundHound AI Overview - SoundHound AI is positioned as a leading technology developer in advanced voice controls, which are expected to be integral across various industries such as home electronics, in-car systems, call centers, and healthcare [1] - The stock has recently been categorized as a meme stock, with its price inflated by a small group of enthusiastic investors aiming for a short squeeze, leading to concerns about its current overvaluation [2] - A significant price correction is anticipated, with a target price in the mid-single-digit range, down from $15.60 per share [3] Group 2: Toast Overview - Toast provides a cloud-based software platform designed to streamline restaurant management by integrating various functions into a single system, enhancing operational efficiency [4][6] - The company focuses on targeted market expansion, building positive word-of-mouth momentum before moving into new areas [7] - Toast's stock has appreciated by 121% over the past year, trading at 4.7 times trailing sales, which is significantly lower than SoundHound AI's 86 times sales [10] Group 3: Roku Overview - Roku holds a dominant market share in North America and is beginning its international expansion, serving 90 million streaming households as of early January, up from 85.5 million three months prior [12][13] - The company is recovering from the digital advertising downturn of 2022, with expectations of benefiting from a revitalized advertising market as economic conditions improve [15] - Roku's stock is currently trading at a low valuation of 3 times sales, down over 50% from its three-year highs, despite ongoing business growth and approaching profitability [16][17]