Reported 5 months ago
The article discusses the potential of investing in small-cap stocks within the artificial intelligence (AI) industry, focusing on SoundHound AI (NASDAQ: SOUN) as a popular option. SoundHound's AI technology is being adopted in the restaurant and automotive industries, showing promise for growth. However, despite positive revenue and backlog growth, there are concerns about profitability, competition from larger AI companies like Alphabet and Microsoft, and an expensive stock valuation. The article concludes by suggesting that investing in SoundHound AI may be akin to a lottery ticket with uncertain outcomes.
Source: YAHOO